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City fringe office rivals CBD market

Property Markets / Transactions

Australia

Mar 31 2017

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Carolyn Cummins, The Sydney Morning Herald

The sale of a freestanding office building in Hornsby by the Abacus Property Group for $22 million, on a yield of 5.6 per cent, reflects the increasing demand for suburban offices, according to agents.

The freehold property at 22-28 Edgeworth Avenue was sold to a private investor after having received strong interest due its fully leased nature and future residential development potential.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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