Hi All. I was following the sale of this little retail space in Cranbourne North 6 Maksi Way, Cranbourne North VIC 3977 - Sold Retail Property | Commercial Real Estate The agent advised that it was passed in at auction after a bid of 410k with reserve of 490. It subsequently sold for 455k. + Stamps that is a net yield of just under 7%. 3% annual rent increases 4yr lease + 5yr option remaining. What are peoples opinions on buying new builds in new precincts like this and what is the general feel of precincts like this. I note that the area was anchored by a Woolies and BWS, flanked on 3/4 sides by large scale residential community developments and Farmland on the other.