Owner Occupier’s delight! OR Investor with future development designs
Great quality boutique building, with excellent main road exposure, only 5 minutes’ drive to Central Station and on the doorstep of both Royal Prince Alfred Hospital (RPA) and Sydney University with city buses stopping outside.
The property has 3 street frontages with windows on each side and its location and large windows would provide a great retail/showroom offering. The full height basement runs the length of the building providing ample parking, storage, or other business activity. Its many possible and current uses have been a private gym and café on the ground floor, offices on the upper floors as well as being considered for a dance and Karaoke bar in the basement.
Built to the boundary over the entire 567 sqm site, the property has scope for an easy refit to accommodate multiple tenants or up to a single 1,850 sqm (approx..) tenant. The Tenant is in the process of vacating the building and the Vendor is progressing with a strip out of the premises so it will be a blank canvas ready for multiple uses. There are very few small “boutique” buildings like this left in this location especially given this property is also earmarked for future development of up to 6 stories when planning changes and a DA approval is pursued.
Capitalise on existing plans, images, town planning report and feasibility for a new development on the site - A lot of the hard work is already done for you!
The Property snapshot:
- Site Area: 567 sqm
- NLA: 1,367 sqm
- 3 levels plus a basement level with parking for 6 + cars
- 3 sides of natural light
- Solid brick building with good ceiling heights
- Take advantage of this great buying opportunity with a motivated vendor willing to meet the market
- Reap the benefit of securing a quality building that is ready for a fresh start
- High exposure main road location
- Easy transport access to the CBD by bus and car
- Rapidly evolving area surrounded by new developments
- Views over parklands with some simple variation to make this an ideal Corporate Headquarters for your business
- Capitalise on existing plans, images, planning report and feasibility for a new development on the site
- Park this property for a few years, take your time to seek a DA and reap the rewards by maximising the development uplift and profit
- Highly motivated Vendor ready to meet the market and sell
- Be surprised and be ready!
- Vacant Possession - ENORMOUS DEVELOPMENT POTENTIAL !
For any more information or if you would like to inspect this property, feel free to give Deans Property a call today!
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