Expert insights Investing Sandstone Garibaldi, Hunters Hill commercial offering secures $7.8 million
Sandstone Garibaldi, Hunters Hill commercial offering secures $7.8 million
Jonathan ChancellorDecember 7, 2020
The Garibaldi Inn commercial retail premises at 37 Alexandra Street, Hunters Hill have been sold for $7.8 million.
The landmark property comprises the original sandstone building and two substantial separate retail and commercial buildings.
The centre has 14 retail and commercial tenants with a total lettable area of approximately 770 square metres and underground parking for 14 cars.
Its full occupied net income was given as $555,885.
It sits within what became known in the 1850s as The French Village, at Hunters Hill, Sydney's smallest and oldest municipality.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.