Six safe parking areas at 2 Phillip Road, near the Sydney Opera Home and Harbour Bridge, have bought for a mixed $3.65 million, which works out to $608,000 for every.
The determine beat pre-auction expectations and is sort of double the $304,700 paid for a parking house in Notts Avenue, Bondi, believed to be the earlier document.
“Being one of the crucial undersupplied and tightly held asset lessons within the Sydney CBD, we knew competitors was going to very excessive,” promoting agent James Cowan of Colliers informed Actual Business.
Mr Cowan stated the 85-square-metre lot, situated on the 20-storey The Quay constructing, noticed 92 inquiries and 16 inspections. The areas had been provided with vacant possession.
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“Sturdy bidding noticed the reserve reached by the fourth bid, with greater than 30 bids acquired,” Mr Cowan stated.
The earlier record-setting parking house value in Australia, understood to have been bought in January 2024, was a single automotive house at 2-4 Notts Road, metres from Bondi Icebergs off Campbell Parade alongside the enduring seashore strip.
“We’re more and more seeing folks [investing in parking spaces] for the life-style profit,” Alice Stolz, the Property Editor of Area, informed Bondi Seashore Information.
“Some folks in areas like Bondi, for instance, would possibly assume it’s simply price it getting a park spot close to Bondi Seashore to allow them to head down after work and bounce within the ocean.”