Liverpool Centrelink building sells for record $52.5m

The building at 211 Northumberland Street.
The building at 211 Northumberland Street.

Ray White Commercial Western Sydney Managing Director Peter Vines said with Parramatta currently booming, investors are seeking the next "hot spot" - and Liverpool fits the bill.

It comes as a private Chinese investment group purchased a commercial office building in the Liverpool CBD for $52.5 million - the highest ever property sale in Liverpool to date.

The four-storey commercial building at 211 Northumberland Street is fully leased to the government as a Centrelink office until 2022 and returns an annual income of $3.46 million.

The 7645-square metre property was completed circa 2000 and has two levels of security basement parking.

The asset was marketed and sold by Ray White Commercial Western Sydney Managing Director Peter Vines and Associate Director Victor Sheu, in conjunction with Colliers International's James Barber, Frank Oliveri and John McCann.

"We had a huge amount of interest throughout the campaign with more than 120 enquiries coming from multiple demographics," Mr Vines said.

"Given its proximity to the new airport and billions of dollars being invested in infrastructure in the south-west, Liverpool is a very good option.


"The sale represents an initial yield of 6.6 per cent."