These properties were auctioned at DEXUS Place today by various agencies.  An analysis of each transaction is below. For further details please contact Nicholas Archer on 0412 777 889 or nicholas.archer@propertyfox.com.au.

 

1A Green Street, Brookvale
Sold for $2,780,000
Premium Commercial Investment with Strong Lease Covenant.
–         Strata Area: 568 sqm ($4,894/sqm)
comprised of approx. 324 sqm office and 244 sqm high clearance warehouse.
–         Net Income: $167,920 pa + GST ($296/sqm) approx.
–         Yield: 6.04%

 

263 Victoria Street, Darlinghurst
Passed In
Premier mixed-use opportunity with future development upside (STCA).
–         Site area: 153 sqm approx.
–         Potential Gross Income: $181,480 pa approx.

 

Suite 16, 24 Main Street, Blacktown
Passed In
Vacant retail shop opposite the train station.
–         Strata area: 66 sqm approx.