The Obeid's list Ultimo commercial site

The Obeid's list Ultimo commercial site
The Obeid's list Ultimo commercial site

The Obeid family is offloading a development site in Ultimo. 

The 488 square metre site at 129-135 Broadway, owned by former Labor minister Eddie Obeid's sons, Paul and Damian, is being marketed as a mixed-use opportunity with its position next to the University of Technology Sydney.

CBRE have been appointed to market the site. The Australian reports it will fetch $10 million plus.

It is expected to be popular with developers as well as pub operators and restaurateurs.

The B4-mixed use commercial building is leased to the Notre Dame University and Essen Restaurant & Beer Cafe for a net annual income of $396,000.

Tags: 
Development Site Commercial Sale

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