A local owner occupier has purchased a 123sq m strata office at 35-45 Spring Street, Bondi Junction NSW for $1,500,000 from a private interstate investor.
The property was sold within two weeks of the first initial viewing, achieving a staggering building rate/sq m of $12,195sq m*.
The deal was negotiated by Nick Lower, Selin Ince and Oliver Ridley of Savills Metropolitan & Regional Sales who said the property was sold prior to launching on market, confirming that activity is high, supply is low, and confidence is at record levels – all perfect conditions in order to achieving a successful sale.
Selin Ince, Sales Executive, Metro & Regional Sales at Savills Australia said “This sale further exemplifies the growing demand for ‘core’ commercial assets, and the rebound of the property market which we have seen over the past five months.”