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Investor Report July 2014

By Ian Campbell

Country Women’s Association Building Sale

Ray White Real Estate is very proud to announce we have been selected to sell the Country Women’s Association (CWA) building in Elizabeth Bay along with one other agent.

Our office is part of a Ray White team including Ray White Commercial who were chosen from 17 agents to handle the sale which is expected to net the CWA more than $12 million. The other agent appointed to sell the building is CBRE.

Delegates at the CWA’s annual conference voted earlier this year to sell the building at 11-13 Greenknowe Avenue, Elizabeth Bay with the proceeds going towards the purchase of a more modest, lower cost office building without accommodation.

It will mark the end of an era for CWA whose head office and modest 50 room “residential club” has been housed in the building since 1955 with the aim of providing low cost and “homely” accommodation.

Ray White Elizabeth Bay is very excited to be involved in the changing history of this landmark property in Elizabeth Bay.

Strong interest is expected from residential unit developers and the student accommodation sector, with Expressions of Interest to close on 1st October, 2014. (We will keep you updated on developments).

On Yer Bike at the St Vincent’s School Fair!

Once again we are a major sponsor of the St Vincent’s School Fair and this year we are offering of special yellow “Ray White” vintage designed bike as a prize. Tickets in the raffle are $5 or 3 for $10 and are available from our office or at the fair.

Ray White Elizabeth Bay is also sponsoring several cash prizes to students for outstanding photographic work. Drop by and say hello to our friendly team at the fair’s sponsor’s stall anytime between 10am to 3pm, Rockwall Crescent, Potts Point, on Sunday 24th August, 2014.

Spring into the property market early

Don’t wait until spring to list your property. Speak to one of our agents now to discuss the ideal marketing campaign to sell your prized asset. As we approach the end of winter we have noted a lack of stock in general, while demand has remained high. With interest rates at historic lows and new five year fixed interest rates on offer for under 5 per cent, now is the perfect time to take advantage of strong buyer interest. We can provide a comprehensive market appraisal and advice on every aspect on your selling campaign. Call our team now on 9331 9600.

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