Penrith. ACT investor pays $1.24 million

A Canberra investor has paid $1.24 million, at auction, for a ground floor strata suite, at 354 High Street. The 290-square-metre property and car park is leased to St John Ambulance for a new 10-year term, with two five-year options. St John rents the facility for about $72,000 net a year, giving the building a yield of 5.82 per cent, according to The Australian Financial Review