Investor appetite for properties leased to essential services or food retail businesses show no signs of waning with strong demand for two Melbourne properties taking yields below 5 per cent.
An Aldi Supermarket at Mordialloc in Melbourne’s outer eastern suburbs is believed to have fetched just under $11 million after stiff competition from local, interstate and international investors.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
