Chatswood Chambers sold

The 13-level office at 815 Pacific Highway.

Linfield Developments has sold a B-grade Chatswood office for $56 million.

The 1960s, 6765 square metre building rising 13-level at 815 Pacific Highway is trading to a local investor, sources say.

Six years ago, the 1657 square metre site was the subject of an unsuccessful planning application for a 35-storey commercial complex with top floor restaurant.

The sale price reflects a fully let 4.9 per cent income yield (story continues below).

The office, also known as Chatswood Chambers, has a short two year Weighted Average Lease Expiry.

It is six per cent vacant.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.