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.

 

Suite 219, 11 Harrington Street, Sydney

Sold Prior

Modern Commercial Suite with Recreational Facilities

–          Strata Area: 57 sqm approx.

 

Studio 10, Pier 2-3, 13 Hickson Road, Walsh Bay

Passed in for $3,290,000

AAA, Blue Chip Tenant, Long Term Lease

–          Strata Area: 232 sqm approx.

–          Leased by the Commonwealth Bank (5 x 5 x 5 Year Lease)

–          Income: $174,928 + GST p.a.

–          Outgoings: $29,595.97 p.a. + GST (100% paid by tenant)

 

55-55A Burwood Road, Burwood

Sold for $4,210,000

Invest, Occupy, Redevelop

–          Site Area: 252 sqm approx. ($16,706/sqm)

–          NLA: 186 sqm approx. ($22,634/sqm)

–          Gross Annual Income: $93,509.79 + GST (Yield: 2.22%)

 

160 Byng Street, Orange

Sold for $1,675,000

Prime Development Site

–          Site Area: 1,908 sqm approx. ($878/sqm)

 

17 Eggins Close, Arrawarra

Passed in for $2,900,000 (Vendor’s Bid)

Beach Front with DA Approval for Tourist Park and Home Village

–          Site Area: 32.00 ha approx.

 

Shops 2 & 3, 5-15 Orwell Street, Potts Point

POSTPONED

 

Shop 4, 5-15 Orwell Street, Potts Point

POSTPONED

 

102, 161 Walker Street, North Sydney

Sold Prior

125 sqm of Vacant Office Space – In the Heart of North Sydney

–          Strata Area: 125 sqm approx. + One (1) Car Space