blog.buysellrealestate.com.au

An undisclosed developer has purchased an automotive workshop on the eastern fringe of Sydney’s CBD. The buyer may redevelop the property in the future in accordance with the property’s existing 2b Residential zoning.

Strong rental growth and a modest development pipeline in Sydney could lure investors back to the apartment market and kickstart developments that have been sitting idle, according to Knight Frank.

An undisclosed developer has purchased an automotive workshop on the eastern fringe of Sydney’s CBD. The buyer may redevelop the property in the future in accordance with the property’s existing 2b Residential zoning.