Sydney, 25 March
investment fund, Ackland Printing Pty Ltd has recently acquired an
industrial property in Artarmon for $1,800,000.
at 9/78 Reserve Road, the well-presented industrial strata unit comprises
442sqm and features modern accommodations built circa 2003, high clearance
storage, internal lift, 24 hour / 7 day operation approval and on-site
The site is currently occupied by commercial bakery
Pan Italia on a recently signed 10-year lease.
Bray and Peter Mangraviti negotiated the sale on behalf of a private syndicate
vendor, reflecting a yield of 8.26%.
Mangraviti said Ackland Printing purchased the property after actively
searching for an investment site in the area.
purchaser was drawn to the property due to the newly executed long term lease
and the prime lower north shore location,” Mr Mangraviti said.
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