A Not-For-Profit Aged Care provider has purchased 16-18 Bridge Street in Epping for $18.65 million in a deal brokered by PropertyFox and Savills Australia.
Constructed in 1989 the building has a net lettable area of 3,177 square metres and was sold on behalf of Orrong Capital, a Melbourne based private syndicate who purchased the building for $14.2m in 2012 from Centuria.
The office building was partially occupied and the new purchaser intended to occupy the remaining available office space.
Tim Fox of PropertyFox who represented the purchaser in negotiations said ”Given the organisations’ interests are largely Western Sydney centric, they were keen to be positioned within the Northwest growth corridor on the train line with excellent accessibility for staff.”
Located on a prominent corner position, 16-18 Bridge Street is within close proximity to transport, retail and commercial facilities. The building is approximately 200 metres from Epping Railway Station and 20 kilometres north-west of the Sydney GPO.