Sydney CBD carpark sells for $40m

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A three-level underground car park in the middle of the Sydney CBD has sold for $40.5m around two...

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The price translates to a yield of 4.86%. The sale of the property at 109 Pitt Street is the first major car park...

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The 114-bay carpark was marketed by Savills’ Harry George, Tim Grosmann and Andy Hu, who conducted...

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The campaign attracted strong interest from across allcapital classes, particularly from high-net-worth...

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Strategically positioned along Pitt Street, between Hunter Street and Martin Place, the 2,900 sq m car park...

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