Unit block in Sydney's Crows Nest sells for $4.3 million
Staff reporterDecember 7, 2020
A unit block in Crows Nest has sold under the hammer for $4.3 million which was $500,000 above the reserve price.
The CBRE marketing campaign fielded 455 enquiries, 104 inspections and 72 contract requests.
There were 13 registered parties when 50 Falcon Street sold to a local buyer on a yield of 2.6 percent.
The building comprises four, two-bedroom apartments, each with an accompanying study, laundry, and provides four onsite car spaces with rear lane access.
The total land size is 518sqm.
The property will also benefit from the future Crows Nest metro station, which will be situated within 600 metres of the site.