This article is from the Australian Property Journal archive
THE pizza shop from the infamous Fat Pizza Australian TV series has been sold, together with its adjoining retail premises in Lane Cove, on Sydney’s Lower North Shore, for $2.31 million.
The properties at 320-322 Pacific Highway cover a corner site area of 442sqm were offered in one line with potential for residential development, zoned R4 High Density Residential and with a possible height limit of 12 metres.
It was the first time the properties had been offered to the market since the mid 1950s. They also include a residential tenancy, making for a combined holding income of $91,291.44 per annum plus GST.
Nick Moloney of Raine & Horne Commercial North Sydney marketed the property, which was auctioned by David Scholes of Auctionworks.
Australian Property Journal
