Why this Eastern Suburbs property the price of a Potts Point parking space might need a cash buyer

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Why this Eastern Suburbs property the price of a Potts Point parking space might need a cash buyer
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An eastern suburbs property has hit the market for less than a parking spot in Potts Point, but one particular detail means the prospective buyer might need to pay with cash. The studio apartment — within 500m from Kings Cross Train Station, Potts Point shopping and dining hub, and harbour-side Rushcutters Bay Park — is slated to sell for between $225,000 and $247,000. It has polished floorboards and high ceilings and looks out to the heritage facade of St Canice’s Church.

And please be aware, there are two shared bathrooms on each floor’. And they go, ‘Oh, no.’” “Each bank has different lending policies. You’ve got to talk to a broker about it, but the last two that sold in the building, both of them went to cash buyers ... in July this year.” “Already there are 24 other owners in the building.” Shik said he’s “been in the game for a long time” but noted that the building “is the only one of its kind that I know of .

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