Malcolm Turnbull gets new office landlord in Edgecliff

Malcolm Turnbull gets new office landlord in Edgecliff
Malcolm Turnbull gets new office landlord in Edgecliff

The Edgecliff office block - tenanted in part by Prime Minister Malcolm Turnbull as his electorate office - has been sold.

It fetched $15.67 million having been bought from Telstra for $3.865 million in 2001. 

The 287-289 New South Head Road building was formerly the Edgecliff Post Office, a landmark building at the busy corner.

It was offered by the Scarf family as a rare opportunity to own a freestanding, mixed use property.

It is a freestanding, four storey, mixed use property, offered fully leased with a NLA 1,405 sqm.

Its net income was $955,144.74 pa.

There was secure car parking for 15 cars plus a large outdoor deck area with harbour views.

The initial marketing by Ray White Double Bay suggested there was future potential for residential conversion.

It was bought by the Spyrides family from Vaucluse. 

Jonathan Chancellor

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.

Tags: 
Prime Minister Office Sale

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