Tenanted property in Sydney's Darlinghurst sells under the hammer
Staff ReporterDecember 7, 2020
A development site in Sydney’s inner-city suburb of Darlinghurst has sold under the hammer at CBRE auction.
The 54-56 Riley Street property, sold by Rainbow Lane apartments, was sold tenanted.
The property was auctioned off at AuctionWORKS in Sydney.
It last traded in 2016 for $4.55 million, according to CoreLogic.
The site has a building height limit of 22 metres and it has three street frontages (Riley Street, Yurong Lane and Crown Lane), apart from its desirable city fringe location.
The selling agents were Nicholas Heaton, Gemma Isgro and Michael Khouri of CBRE.
The land area is 358 sqm and the zoning is for mixed use development.