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Negotiations underway as Centrepoint Arcade passed in at $7.2 million

August 30, 2022


Supplied.

By Peter Holmes


Real estate agent Ryan Park described the highest bid on Centrepoint Arcade at auction on Tuesday morning as "close, but not close enough".


The top bid for the CBD property at 226-232 Summer Street was $7.2 million.


As Park spoke to The Orange News Examiner negotiations were underway between the highest bidder and the seller.

Set on 1,000 square metres, it has a floor area of 2,050 square metres.


Centrepoint Arcade is being offered for sale for the first time in 21 years.


The auction was held in the Sydney CBD.


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