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Sydney’s east in high demand

Property Markets / Transactions

Australia / Sydney

Mar 16 2018

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An office warehouse at 63 Ann Street, Surry Hills is the latest sale in more than $95 million worth of commercial transactions in Sydney’s east over recent months. 

Similar properties have sold for around $25 million, though no price has been disclosed in this case.

The sale was handled by JLL’s Steven Tsang and SKW Property’s Stephen Wan on behalf of Practec. 

The site, bought be a private investor after being privately held for more than 23 years, is 2381 square metres, comprising a three-storey building and on-site lower ground parking. 

Last year, LaSalle Investment Management paid $72.1 million for 285a Crown Street, Surry Hills, purchased from Anna Murdoch Mann. 

The 3068 square metre site was built by Mirvac eight years ago, with the sale including the Winery bar and restaurant, run by Dixon Hospitality Group. 




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