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Historic Garibaldi Inn sold for $7.8 million

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The Garibaldi Inn commercial retail premises in Hunters Hill in Sydney's North Shore has been sold for $7.8 million.

The complex, which is prominently located at 37 Alexandra Street on the corner of Alexandra and Ferry Streets, is arguably the most well-known building in the suburb.

It comprises the  original two storey sandstone building and two substantial separate retail and commercial buildings.

It has net income of approximately $555,885 from 14 retail and commercial tenants. The property has a site area 1,050 sqm with a total lettable area of approximately 770 sqm and underground parking for 14 cars.

Its tenancy mix includes a café, florist, hair and beauty, newsagent, solicitor, real estate agent and other retail boutiques.

It was sold through LJ Hooker Mosman.

 

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Article originally posted at: https://theurbandeveloper.com/articles/historic-garibaldi-inn-sold-7-8-million