Lithgow's Main Street Westpac bank property sold before auction
A Sydney buyer snapped up the Lithgow Main Street Westpac property before it went under the hammer.
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The property went under contract on March 29 for $1,410,000 at a 9.3 per cent yield.
Burgess Rawson selling agent Tom Doran said an experienced Sydney based investor purchased the site, who was looking to add multiple assets to his portfolio.
"The buyer liked the proximity to Sydney and is confident about Lithgow's long term growth prospects," he said.
"The transaction follows Burgess Rawson selling the ANZ bank in Lithgow late last year as investors continue to show very strong interest in assets within a 200km ring of Sydney."
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