Redcape Property Trust Sells Sydney Pub For $9 Million
SYDNEY’s Bristol Arms Retro Hotel, in Sussex Street, has sold to a private investor for $9 million.
The sale translated to a net yield of 10.9 per cent. The vendor was Redcape Property Trust.
The pub (right) sits on a 437 square metre block and includes two street frontages, and 1975 square metres of gross lettable area, according to the AFR.
SYDNEY’s Bristol Arms Retro Hotel, in Sussex Street, has sold to a private investor for $9 million.