Commercial Property Group – Southern Sydney have capped off a fruitful night of sales at Club Central Hurstville, attracting just over $6 million in sales of three well-situated properties.
Amongst those sold was a vacant unit on Port Hacking Road, in the south Sydney suburb of Miranda. The site contains a total floor area of approximately 416 sqm, and possesses a warehouse with a high clearance of up to 8 metres, a mezzanine office, allocated parking, and significant signage opportunities onto the busy Port Hacking Road.
Being moments away from the Westfield Miranda Shopping Centre, 4/205 Port Hacking Road is as conveniently situated as an industrial property could be, and with its solid array of amenities, it came as no surprise that this landholding, marketed by agents Damen Astey and Hayden Bennett, was sold at auction for a very respectable $2.4 million.
4/205 Port Hacking Road, MIRANDA, NSW, 2228 - Sold for $2.4 million
Additionally, agents Ryan McMahon and Greg Carr were able to secure $2.15 million for a Brighton-Le-Sands mixed-use freehold, located just around the corner from the popular Brighton-Le-Sands beach. 325 Bay Street contains a ground floor restaurant and first floor residential apartment, all in the midst of the iconic Bay Street restaurant and retail strip. Retail vacancy rates in the area have been dipping to all-time lows, adding significant value to an already well-appraised property, and the sale figure reflects that.
Sold before the auction could even begin was a retail property directly opposite Riverwood Plaza, brought to market by Ryan McMahon and Hayden Bennett. In the immediate vicinity of Riverwood's only Woolworths outlet, this 141 sqm building is nestled on a 197 sqm parcel of land, and is situated in the perfect position to attract foot traffic from those browsing the surrounding stores and supermarkets. With the potential for future development attached, the property was able to net a $1.55 million sale.
Click here to view the listings for these properties on Commercial Ready.
