Cold shells selling fast in North Sydney

By Raine & Horne Commercial
MAY 1, 2018

Cold shell retail properties such as 80 Alfred Street, Milsons Point are the flavour of the month on Sydney’s Lower North Shore, according to Nick Moloney, Sales Director, Raine & Horne North Sydney.

The 152 square metre prime corner retail site with high exposure sold for $1.885 million. The sale followed hot on the heels of the transaction of a 131 sqm ground floor retail space with exposure at 156-158 Pacific Highway North Sydney that sold after auction for an undisclosed amount.

Auction clearances dropped to 62% in the North Sydney region in April, Nick noted. However, recent auction results can be attributed to April being a month of holidays that included Easter, Anzac Day and school holidays in NSW, explained Nick.

“We have a great selection of properties including vacant strata office space, tenanted strata investments and multi tenanted freeholds,” said Nick. “This includes 47a Penrose Street Lane Cove. This is a multi-tenanted commercial office building with a price guide of $4 million.”

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.