“We fielded in excess of 400 enquiries throughout the campaign, which led to 60 inspections conducted and 35 contracts issued from an array of buyers including developers, unit block traders and educational groups” Ms Isgro said.
Mr Heaton said the property attracted significant interest from ‘generational holders’ - high net-worth families looking for a passive investment to pass down to future generations.
“These assets are popular with investor families as they provide stable income and are easy to maintain for long-term family ownership,” Mr Heaton added.
“The property ultimately sold to a passive investor who intends to hold the property for its secure return.”
10 Henrietta Street represents Sydney’s largest unit block transaction since the CBRE managed sale of 12 Albert Street, Edgecliff, in November 2017 for $33 million.
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.