Cold shell retail properties such as 80 Alfred Street, Milsons Point are the flavour of the month on Sydney’s Lower North Shore, according to Nick Moloney, Sales Director, Raine & Horne North Sydney.

The 152 square metre prime corner retail site with high exposure sold for $1.885 million. The sale followed hot on the heels of the transaction of a 131 sqm ground floor retail space with exposure at 156-158 Pacific Highway North Sydney that sold after auction for an undisclosed amount.

Auction clearances dropped to 62% in the North Sydney region in April, Nick noted. However, recent auction results can be attributed to April being a month of holidays that included Easter, Anzac Day and school holidays in NSW, explained Nick.

“We have a great selection of properties including vacant strata office space, tenanted strata investments and multi tenanted freeholds,” said Nick. “This includes 47a Penrose Street Lane Cove. This is a multi-tenanted commercial office building with a price guide of $4 million.”