whole building/421-423 elizabeth street, surry hills
Development
Ripe Development Opportunity - City Skyline
Deans Property is delighted to exclusively present for sale 421–423 Elizabeth Street, Surry Hills — a commanding mixed-use freehold opportunity positioned at the doorstep of Central Station, within one of Sydney’s most transformative and tightly held precincts.
Comprising 830 sqm of total building area*, incorporating both retail and commercial accommodation, the property represents a rare and substantial value-add opportunity, underpinned by exceptional connectivity, flexible planning controls, and immediate proximity to Sydney’s rapidly evolving innovation economy.
Key Investment Highlights
- Strong holding nett income of $244,357 + GST, with significant rental uplift potential
- Prime city fringe location benefiting from the ongoing transformation of southern Sydney CBD and Surry Hills, driven by Tech Central.
- Exceptional connectivity just moments from Central Station with access to rail, light rail, bus, and major arterial networks.
- Flexible mixed-use freehold on a 303 sqm* site with MU1 zoning, 4:1 FSR, and 27m height controls, offering future development upside.
- Ability to increase floor area to 1,210 sqm over 4 floors, mixed use development opportunity.
- Partially leased with holding income, suited to investors, value-add buyers, or future owner-occupiers.
- Positioned within Sydney’s emerging Tech Central precinct, set to become Australia’s leading innovation hub.
For further information or to arrange an inspection, please contact the exclusive sales agents.
Comprising 830 sqm of total building area*, incorporating both retail and commercial accommodation, the property represents a rare and substantial value-add opportunity, underpinned by exceptional connectivity, flexible planning controls, and immediate proximity to Sydney’s rapidly evolving innovation economy.
Key Investment Highlights
- Strong holding nett income of $244,357 + GST, with significant rental uplift potential
- Prime city fringe location benefiting from the ongoing transformation of southern Sydney CBD and Surry Hills, driven by Tech Central.
- Exceptional connectivity just moments from Central Station with access to rail, light rail, bus, and major arterial networks.
- Flexible mixed-use freehold on a 303 sqm* site with MU1 zoning, 4:1 FSR, and 27m height controls, offering future development upside.
- Ability to increase floor area to 1,210 sqm over 4 floors, mixed use development opportunity.
- Partially leased with holding income, suited to investors, value-add buyers, or future owner-occupiers.
- Positioned within Sydney’s emerging Tech Central precinct, set to become Australia’s leading innovation hub.
For further information or to arrange an inspection, please contact the exclusive sales agents.