JUST SOLD - 42 - 44 Victoria Street, McMahons Point
Nick Lowry
I help people buy and sell retail, commercial property, development sites, blocks of apartments & boarding houses in Sydney
CI Australia has sold 42 – 44 Victoria Street, McMahons Point via Public Auction for $12.75M. The property was competitively bid at auction with the sale price representing a 5.8% Net yield and a capitalisation rate of $10,823/sqm.
The standalone building which forms part of a larger strata plan has a NLA of 1,178sqm & parking for 20 car spaces. The property has a 7 + 7 year lease to Endemol Shine Australia a subsidiary of Shine Group and returns approx. $740,000 Net + GST pa.
This attractive art deco building created local, interstate and international interest with significant enquiry received due in part to its supply constraint prestigious location and secure long term lease to an A grade covenant.
Contact Nick Lowry from CI Australia on +61 408 891 376 for further information.
E! Host, Media Personality and Founder of Frankie Lane The Label
7 年Great job nick
SEQ Property Acquisition Specialist
7 年Nice work Nick!
Sales Executive at Raine & Horne Neutral Bay
7 年great job Nick and sensational price!
??Sales Agent - Development Sites ??M.PropDev, M.Plann, B.Bus ??Precision Feasibility & Asset Appraisal ??Exp: 15yrs/$1B+
7 年Well done Lowry!
Writer - The Sydney Morning Herald
7 年Nicely done