Owner occupier Reg Raghavan has snapped up a CBD commercial space for $683,000, following a competitive public auction which received strong interest from a range of owner occupiers and investors.
CBRE’s Sydney Strata Sales team of Daniel Courtnall and Julian Choo negotiated the sale on behalf of the private vendor.
Located at suite 603, 267 – 277 Castlereagh Street, the 91sqm space features professional fit-out, ample natural light, balcony and private car space. The building further offers 24-hour security and communal facilities including pool, gym, sauna, squash court and rooftop entertainment facilities.
Mr Courtnall said the building’s convenient location in close proximity to Downing Law Centre, Town Hall, Hyde Park and World Square was a key selling factor.
“The favourable location is underpinned by extensive transportation amenities – including train, bus and light rail services within walking distance.”
“Strong buyer interest was received for the site, demonstrating the growing investor and owner occupier demand for well-located strata suites,” said Mr Courtnall.About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
