This article is from the Australian Property Journal archive
A GROUND level retail property investment at Pitt St in Sydney's CBD has sold under the hammer for $6.43 million on a gross yield of 8%.
JLL’s Leslie Cheng, David Liu and James Aroney sold the property at 321 Pitt St Sydney via auctionworks.
Located on the ground floor of an eight-storey office building, the property comprises 794 sqm of space plus two car spaces in the basement car park.
It is currently occupied by Ted Cameras on a five-year lease expiring 2017, plus a five year option, on a gross rental of $516,608 p.a.
Property Review Australia
