Sydney City-Fringe Freehold Office Building

Client MandateThe client is a local education operator who has been renting offices in Sydney CBD for several years, and engaged us to source a stand-alone office building to purchase for their business. The ideal brief was to source a 600m2+ office in Sydney city-fringe with close proximity to a train station, a very tightly held industrial precinct.
‍ResultSourced off-market, this prominent 1096m2 corner office building with 14 car spaces was ticking all of our clients boxes, and more. We conducted DD to suit their specific 9B approval needs, and extensively negotiated favourable terms with a 1y leaseback from the vendor and a price well below our estimated market value of $12m substantiated by nearby sales.