The Blockhouse Bay Countdown supermarket has been sold to a private investor through a Colliers tender at a 5.17% yield.
19-29 Donovan St:
Features: 7115m² corner site, 2238m² net building area, occupied by Countdown supermarket on long-term lease – 9 years from November 2016 + renewals
Rent: $481,021/year net + gst
Outcome: sold to a private investor for $9.3 million + gst at a 5.17% yield, after a tender
Agents: Shoneet Chand, Josh Coburn, Matt Prentice & Matt Barnes
Attribution: Agency release.