Chinese investor buys row of Sydney shops

The Woolworths tenancy contains 1493 square metres.

A high net worth Chinese investor has snapped up a row of Haymarket shops offered separately.

The $19.28 million outlay for 1, 2, 3, 5, 19 and 22, 79 Quay Street, reflects a 5.5 per cent net passing yield.

All up with 2000 square metres – the bulk (1493 sqm) is leased to Woolworths which with options can stay until 2024.

Its strata tenancy also has two car parks (story continues below).

Another two car parks came with the other offerings.

Savills’ Andy Hu and Jordan Lee represented Shokai Australia which developed The Quay apartment complex behind the shops, replacing a part of Paddy’s Markets ex-poultry section, in Chinatown.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of