THE suburban office opposite two billabongs, a pond, Yarra Flats and the Yarra River – has sold to a private investor for $11.35 million.
 
The modest single-level 3,216 square metre office at 677 The Boulevard, in Heidelberg’s ritzy pocket of Eaglemont, is leased to charity group Berry Street Victoria until 2018.
 
Based on the building’s current annual rent of $951,000, Colliers International selling agent Peter Bremner said the property sold on a yield of 8.38 per cent.

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