26 Feb 2020

The Age Business - Wednesday 26 February 2020

Part of the Altona Village shopping strip, a corner shop sold for $2.24 million on a 5.3 per cent yield in a deal brokered by Teska Carson's George Takis and Fergus Evans. The two-storey building at 66-72 Railway Street and 89 Pier Street has four shop fronts and five first-floor office spaces.

"The property is situated within a popular strip with corner exposure and offered rental upside as well as excellent growth prospects," Mr Takis said. It sold with several leases returning annual rental of $138,000 per annum.