Freehold interest for sale 1-5 Railway St Chatswood NSW

Discussion in 'Commercial Property' started by Beano, 1st Jun, 2017.

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  1. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    3,358
    Location:
    Brisbane
    A little freehold interest for sale (P5 AFR Thurrsday 1 June 2017 www.JLL.com.au/502373914 by EOI)
    3,806m2
    Any suggestions what it will go for?
    $562k passing income (Terminating 56 yrs remaining)
     
    Beano, 1st Jun, 2017
    #1
    MTR likes this.
  2. alexm

    alexm Well-Known Member

    Joined:
    18th Jun, 2015
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    492
    Location:
    Sydney
    $11.25m
    Very long lease tail.
     
    alexm, 1st Jun, 2017
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney or NSW or Australia
    I'd punt it at $33.5M-ish

    Not an easy one, 410 Victoria (same zoning but 1/4 of the size has a higher 30% higher UCV and sold for $16.35m in 2012), 442 Victoria ($17M in 2007 similar UCV on 814 m2), 10 Help St ($25M in 2013 on 1500m2 and lower UCV).

    Even after adjusting for the development on each of these sites, not going to be an easy one without full details of the ground lease, review of the covenants affecting the land etc, railway corridor affectations).
     
    Scott No Mates, 1st Jun, 2017
    #3