Renovated Surry Hills building sells for $4.6 million following “incredibly competitive” auction

A restored building in Surry Hills, a precinct described as Sydney’s Silicon Valley, has sold for $4.6 million.

The double-storey building on a 180 square metre site zoned Mixed Use at 47 Albion Street (pictured top and left) offers 308 sqm of floor area.

Described by marketing agency Colliers as “the perfect HQ”, the property is about 100 metres from Central train station and 2.4 kilometres from the Sydney CBD.

It sits within a pocket set to benefit from infrastructure projects valued at more than $1.5 billion including a light rail line.

The campaign generated more than 100 qualified enquiries creating for what Colliers International national director of investment sales, Miron Solomons, said was “an incredibly competitive auction”.

Mr Solomons marketed the property with colleagues Nick Lumley and Matt Pontey.

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Marc Pallisco

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