This article is from the Australian Property Journal archive
A BLOCK of units at Camperdown in Sydney's city fringe has sold under the hammer to a private investor for $3.6 million on a yield of 4.35%.
The sale deal was negotiated by Robert Lowe of Savills NSW metropolitan & regional sales and Cary Giezekamp of Callagher Estate Agents.
Located at 15 Eton St Camperdown, the block consists of nine units, comprising six one-bed and three studio apartments, on a 277 sqm site.
“This was an outstanding investment opportunity, which is why it was no surprise that we had over 150 enquiries, both from local and offshore investors. Properties such as this rarely come to the market and when they do nobody wants to miss out,” Lowe said.
“There were a handful of offshore investors but the majority of enquiries came from investors in the inner west and eastern suburbs. The local investors know the market and understand not only its current value, but its future potential,” Giezekamp said.
Australian Property Journal
