hi dydx,
Thanks providing more insight. The google map has annual photo booklet to do the comparison YoY from 2014 onwards till 2021. Based on the photos, the tenancy probably changed hands at least once. The decision to remake 192 Pitt Street, Sydney was stated in AR20:
re-purposing and refurbishment of one of our investment properties in Sydney - 192 Pitt Street into Australia’s most prominent Rolex stand-alone boutique
That particular crossroad now has 4 watch boutiques. I reckon it is going to attract more than its fair mindshare of shoppers who are looking to spend on a timepiece.
There is a gap of 5years (and at least 1 tenant turnover) between the retail property purchase and repurpose. I reckon this shows 1 of the key principles to success in life - You don't wait for apples to rain before you go get a basket. You get ready your basket and then tell the gods to rain apples.
Thanks providing more insight. The google map has annual photo booklet to do the comparison YoY from 2014 onwards till 2021. Based on the photos, the tenancy probably changed hands at least once. The decision to remake 192 Pitt Street, Sydney was stated in AR20:
re-purposing and refurbishment of one of our investment properties in Sydney - 192 Pitt Street into Australia’s most prominent Rolex stand-alone boutique
That particular crossroad now has 4 watch boutiques. I reckon it is going to attract more than its fair mindshare of shoppers who are looking to spend on a timepiece.
There is a gap of 5years (and at least 1 tenant turnover) between the retail property purchase and repurpose. I reckon this shows 1 of the key principles to success in life - You don't wait for apples to rain before you go get a basket. You get ready your basket and then tell the gods to rain apples.