Case Studies

250 Pitt Street, Sydney

Sale of Strata Office Suites

The National Building circa. 1926 is a 12 storey strata titled building with historic listing comprising retail and basement tenancies and 11 levels of offices. The building is located adjacent to the ANZ Bank Centre and the Pitt Street station construction project, close to Sydney Hilton, QVB, Pitt Street Mall and Town Hall.

Most suites were plumbed and had good natural light and high ceilings throughout. All suites were sold by private treaty and settled during 2022.

In summary

An office on Level 5 recently fitted and partly furnished by the vendor was sold to an owner occupier.
An office on Level 7 was sold by a passive investor to an owner occupier.
An office on Level 8 was sold to an owner occupier who was leasing elsewhere within the building.

Sale Analysis

Level 5, 45sqm Sold to jeweller for $698,000.

Level 7, 32sqm Sold to marketing firm for $475,000.
Level 8, 35sqm Sold to jeweller (price undisclosed).

John Skufris 0414 969 221
Domenic Severino 0416 000 339
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