Redcape Property Trust Sells Sydney Pub For $9 Million
SYDNEY’s Bristol Arms Retro Hotel, in Sussex Street, has sold to a private investor for $9 million.
The sale translated to a net yield of 10.9 per cent. The vendor was Redcape Property Trust.
The pub (right) sits on a 437 square metre block and includes two street frontages, and 1975 square metres of gross lettable area, according to the AFR.
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