This article is from the Australian Property Journal archive
A PASSIVE investor has splashed out around $20 million for block of 27 two-bedroom apartments in Sydney’s eastern suburb of Waverley, at a 1.5% yield.
The Bergman family has been held by the Bergman family since construction in the 1970s.
On a 2,309 sqm parcel, the battle-axe property has a shared pool and undercover parking for 25 cars.
CBRE’s Gemma Isgro, Nicholas Heaton and Paul Grasso negotiated the sale of 10 Henrietta St.
“We fielded in excess of 400 enquiries throughout the campaign, which led to 60 inspections conducted and 35 contracts issued from an array of buyers including developers, unit block traders and educational groups,” Isgro said.
Heaton said the property attracted significant interest from “generational holders” – high net-worth families looking for a passive investment to pass down to future generations.
