A buyer with a sweet teeth snapped up a completely
refurbished two-storey building at 647 Chapel avenue
for $three.2 million underneath the hammer, on a yield of four.three consistent
with cent. the shop, bought by way of Fitzroys' Chris Kombi and Chris James
along with John Camilleri of Killen Thomas, was leased to candy store Burch
& Purchese on a 5x5x5-yr hire for $a hundred and forty,four hundred in line
with annum plus outgoings and GST. Mr Kombi stated the surge in residential
improvement and populace boom had a useful effect. another store at 196
Warrigal road bought earlier than its auction for $1.05 million in a deal
negotiated by James Gregson and Michael Ryan. The belongings changed into
leased to day spa and healing rub down parlour vacation Calm on a new
7+7+7-year rent, returning $60,000 plus GST and outgoings. Mr Ryan stated the
sale turned into believed to have set a report for the strip.
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