Sydney Central Backpackers at Potts Point fetches $7 milliion

Sydney Central Backpackers at Potts Point fetches $7 milliion
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.

Sydney Central Backpackers at Potts Point fetches  milliion

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.

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Potts Point Backpackers

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