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The approval allows for 687sqm of premium George Street retail space. For sale by CBRE and Knight Frank.
According to CBRE the property attracted multiple bids, with interest from both domestic and international investors.
The eight shop portfolio realised $21,500,000 for Melbourne’s Schwartz family after 20 years of ownership.
Interest came from across the eastern seaboard as demand for the Adelaide office market picks up.
Limited investment opportunities and strong demand has seen sales averages increase by 45 per cent over the previous quarter.
CBRE has listed Yandina Shopping Centre, on the corner of Old Gympie Road and Farrell Street.
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