Sydney Central Backpackers at Potts Point fetches $7 milliion

Potts Point's Sydney Central Backpackers has sold at auction for $7 million.
The 14-16 Orwell Street property, that last traded for $5.75 million in 2015, brought in over $865,000 gross revenue in 2017.
The purple block spans four levels and has 36 rooms, a mixture of dorms and private rooms.
There's common facilities and a rooftop terrace with skyline views and a kitchen.
Metro Commercial agent Allan Levy sold the property.
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