Author: Damion Smy

Six secure parking spaces at 2 Phillip Street, near the Sydney Opera House and Harbour Bridge, have sold for a combined $3.65 million, which works out to $608,000 for every. The figure beat pre-auction expectations and is sort of double the $304,700 paid for a automobile parking space in Notts Avenue, Bondi, believed to be the previous record. “Being probably the most undersupplied and tightly held asset classes within the Sydney CBD, we knew competition was going to very high,” selling agent James Cowan of Colliers told Real Industrial.Mr Cowan said the 85-square-metre lot, situated on the 20-storey The Quay constructing, saw…