Parramatta. CBD property sold for $2.3 million

A private investor paid $2.3 million for a single-storey building, subdivided into four retail outlets in the Roxy Arcade, 71-73 George Street, in the Parramatta CBD. The property, which has 375 square metres of lettable space, is fully leased and will yield 6.9 per cent from a net return of $1.6 million.