These properties were auctioned at AuctionWorks today by various agencies.  An analysis of each transaction is below. For further details please contact Lachlan Worthington on 0421 777 889 or lachlan.worthington@propertyfox.com.au.

 

42 Union St, McMahons Point

Sold for $3,900,000

Exclusive Lower North Shore Boarding House Opportunity

–          NLA: 322 sqm approx. ($12,112/sqm)

 

Level 1, 102/71 York Street, Sydney

Under Contract

Superb heritage building with strong income and capital growth potentiality

–          NLA: 312 sqm approx.

–          Gross Income: $164,736 + GST pa approx.

–          4 x 4 year lease – Commenced September 2015

–          Annual Increases: 10%

–          Market Review: At Option

 

54-56 Riley Street, Darlinghurst

Passed in for $7,350,000

Exclusive Darlinghurst Development Site

–          Site Area: 358 sqm

–          Floor Space Ratio: 3:1

–          Height Limit: 22 metres

 

13 Burton St, Darlinghurst

Withdrawn

SECURE INVESTMENT, PRIME DARLINGHURST POCKET

–          NLA: 147 sqm

–          Gross Income: $161,742 + GST approx.

 

157-161 William St, Granville

Passed in

DA APPROVED BOARDING HOUSE FOR 39 LARGE SELF-CONTAINED ROOMS

–          Site Area: 1,969 sqm

 

80 Victoria St, Beaconsfield

Sold for $3,800,000

Freestanding opportunity within the Green Square Precinct

–          NLA: 587 sqm approx. ($6,474/sqm)

–          Site Area: 543 sqm approx. ($6,998/sqm)

 

253 Oxford Street, Darlinghurst

Sold for $1,550,000

VERSATILE MEDICAL USE OFFICE/RETAIL/SHOWROOM

–          NLA: 144  sqm ($10,764/sqm)

 

58/4 Bridge St, Sydney

Sold for $2,750,000

Iconic CBD Retail/F&B For Sale or Lease

–          NLA: 291 sqm ($9,450/sqm)

 

Level 10/263 Clarence St, Sydney

Passed in for $3,500,000

WHOLE FLOOR INVESTMENT WITH UNTAPPED POTENTIAL – FROM 5% NET YIELD

–          NLA: 400 sqm

–          Gross Income: $264,900.24 + GST pa approx.

–          5 x 5 year lease – Commenced February 2014

–          Annual Increases: 4%

–          Market Review: At Option

 

141 The Grand Parade, Monterey

Passed in

Beachfront Block of Apartments

–          Site Area: 650 sqm

–          Gross Income: $393,120 + GST pa approx.