A private investor has purchased an industrial facility in Mitchell for $6.55 million.
149 Flemington Road, Mitchell is a 3,874sqm block with a three storey commercial building comprising showroom, warehouse and office totalling circa 3,225sqm.
The property is 100% leased to Southern Plumbing Supplies Pty Ltd on a 10 year lease ending in 2020, with an additional 10 year option.
CBRE Canberra’s Mark Nicholls sold the property in an off-market sale, achieving a net yield of 7.3%.
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