Chapel Street’s Conways Building Sells for $12.8 Million

Gross Waddell directors Michael Gross and Jonathon McCormack and Teska Carson director Michael Ludski marketed the 1914 art deco arcade at 245 – 253 Chapel Street.

There is scope by the new owner to profit by selling off the four ground floor retail shops as strata titled investments, and developing either apartments, or offices, within the current building and into what is airspace above the third (top) level.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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