A Surry Hills office leased to Afterpay has sold for $12.3 million.
Johnston’s Buildings at 252-256 Cleveland Street, on the north east corner of Buckingham, contains 683 square metres of lettable area over two floors and a mezzanine, a rooftop terrace and parking for up to eight cars.
The internal area underwent a major renovation two years ago, after the occupier pre-committed.
The asset was offered with a permit to extend by a floor.
The site spreads 480 sqm, about 500 metres from Central train station (story continues below).
IB Property’s Steffan Ippolito and Dimitrios Franze brokered the off-market deal.
The investment previously traded in 2019 for $10.5m.
Three years prior to that – before it was renovated – it exchanged for $4.9m following a campaign also targeting residential developers.
Last month Real I.S paid $97m – a Surry Hills record price – for neighbouring offices on Waterloo St.