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Investor snaps up Tassie's only Freedom Furniture store

People & Companies / Latest News

Australia

Feb 14 2017

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Simon Johanson, The Sydney Morning Herald

Market Wrap

Sales

Hobart

A private investor paid $5.35 million on a 7 per cent yield for Hobart's only Freedom Furniture store. Savills Pat De Maria and Tom Forrest and LJ Hooker's Mark Devine said the store at 80 Brisbane Street sold subject to a 10-year lease (expiring 2022) providing annual net income of approximately $376,000.

Broadmeadows

Rubber component manufacturer Baron Rubber has snapped up an industrial warehouse complex at 7-11 Northcorp Boulevard for $6.05 million in a deal negotiated by CBRE's Daniel Eramo and Dean Hunt. Baron will occupy a vacant building in the complex, which has a lettable area of 3160sq m. The neighbouring 2890 sq m building will be retained as an investment based on a new three-year rental deal, which returns an annual rent of $210,000.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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