'Everyone wants to be around it': Shop in popular Eastwood mall sells for $7.25m This shop in Eastwood, in Sydney's north-west, sold under the hammer for … Where indicated, third parties have written and supplied the content and we are not responsible for it.

A shop on a busy suburban strip in north-western Sydney, offered to the market for the first time in more than 40 years, has sold at auction for $7.25 million after fierce bidding.The 340-square-metre shop, on a 303.5-square-metre site at Mr Sheu said that the property had been incredibly popular because of the tightly held nature of the shopping strip near Eastwood train station.“Eastwood, historically, has been an extremely sought after location and the hottest market is between the train station and the council car park on Lakeside Road – it’s very rare for a property to come up in that precinct,” he said.The freehold property is opposite Yuhu Group’s planned $170 million redevelopment of Eastwood Shopping Centre and has two street frontages, to Rowe Street and Hillview Lane.With 200 enquiries and about 60 contracts issued, interest came from local and overseas investors – with two buyers flying in to bid on the day – as well as owner-occupiers and “major corporate players” looking to move into the Eastwood retail market, Mr Sheu said. The auction attracted a strong crowd in the popular mallBidding started at $3.477m and quickly jumped in excess of $5m before finishing at $7.25m.The store is located less than 300m from Eastwood train station and has a net passing income of $143,077.50.
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It has dual frontages onto both Hillview Lane and Rowe Street plus a lettable area of 340 sqm.

This shop in the popular Eastwood Mall has just sold An Eastwood retail store occupying just 303.5 sqm of land sold for $7.25m when it was auctioned for the first time in 40 years. International sites News & Press.

A car has smashed through a brick wall in a multistorey car park at a Sydney shopping centre and plunged to the ground floor in an apparent major parking fail. This shop in the popular Eastwood Mall has just soldAn Eastwood retail store occupying just 303.5 sqm of land sold for $7.25m when it was auctioned for the first time in 40 years.The premises, which has dual street access, is currently used by a discount variety store PK Pacific Ocean.Agent Victor Sheu from Ray White Commercial NSW Western Sydney said it was one of their most competitive campaigns with almost 200 enquiries received both locally and internationally.
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