Knight Frank are proud to announce two recent sales, one in Sydney’s South and the other in Sydney’s East.
ROSEBERY - $4.35m
Coco and Lola have purchased a 750sq m freehold two-storey commercial/retail building on 467.9sq m of land at 949 Botany Road from the Loosen Family.
The high-profile land holding has two street frontages and repositioning potential, with favourable planning controls permitting mixed-use development, subject to council approval.
The property is a short walk to Mascot retail village and the Alexandria bulky goods precinct.
It was sold at auction for $750,000 over the reserve, amid competition from 9 bidders.
A private investor has purchased a 133sq m two-level mixed-use freehold property at 225 Glenmore Road from Factoring Investments Pty Ltd.
The property is situated in the heart of Paddington’s iconic Five Ways precinct. Juniper Café occupies the ground floor retail component and rear half of the ground residence, while level one consists of a three-bedroom residential apartment.
The property was sold at auction after being offered to the market for the first time in 40 years and was attractive to buyers largely due to its location, strong rental history and uplift potential.