BY APPOINTMENT - CONTACT Trish 0404893883
Please view our sale website https://www.194196victoriastreet.com.au/
This is a 273sqm* land area and 453sqm floor area, freehold building, mixed-use property with development upside in the heart of tightly held prestige street and suburb ? Victoria St, Potts Point. Close to cafes, eateries, amenities, and a few doors down from Kings Cross Train Station.
This property represents an extremely rare opportunity for purchasers seeking mixed-use re-development opportunities in Potts Point or those looking for a grand residential property with wide frontage and wide back access for car parking.
Property highlights:
? A large footprint / land area of 273sqm * (subject to survey) and floor area $453 sqm
? Current site: Ground floor retail 227sqm, Level-one 113sqm and Level-two 113 sqm, and 4 car spaces
? Tenanted investments: $346,920 per annum , over 4.5% return ($18k gst included)
? Frontage and rear lane access 11m wide
? Convenient rear lane access via Earl Street
? FSR of 1.5:1
? B4 Mixed Use Zoning
? 12m height limit
?. Neighbouring development demonstrates precedent of 16 units over 6 levels
? Limited mixed-use development opportunities in Potts Point
? An opportunity to capitalise an underutilised GFA
? Situated within one of Sydney's tightly held prestige suburbs ? Potts Point
? Opportunity to profit on strengthening residential boom
*approx.
* agent's interest