Purchased

Ultimate City Fringe Showroom, Office & Warehouse with 3 Street Frontages

 

This three-level building, a rare find on the city’s fringe, offers versatile business opportunities. Boasting a net yield of over 6%—exceptional for Sydney—this multi-tenanted, freehold investment property also presents significant development prospects. Anticipated changes through the Parramatta Road Urban Renewal Strategy in the upcoming years could further enhance its value by unlocking rezoning potential.

The key strengths of this asset include:

• The building can be accessed from Water St, Gordon St, Cahill St & Pyrmont Bridge Road
• Building area of 3,100m2*
• This property offers a NET Annual Income of $725,520.00 p.a + GST (post-rental management and land tax).
• Potential planning upside including via the Parramatta Road Urban Renewal Strategy
• Offers immediate access to Sydney CBD, Newtown, and Glebe town centres and a choice of transport options
• Close to a range of popular amenities such as educational establishments, hospitals, shops, arterial roadways, cafés, restaurants, and bars

Building Type: Office & Warehouse

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