A rare opportunity to acquire 2 level commercial building with large land holdings and redevelopment upside within the heart of Mascot Town Centre.

The property was the former Commonwealth Bank represents an opportunity for astute investors, owner-occupiers, or developers for investments, opening a new headquarters office, showroom and redevelop for a mixed use residential development in the near future

Investment Highlights include:

- Large site area: 1,007sqm*
- Zoned B2 Local Centre with FSR 2:1 with a maximum height limit of 14 metre
- Total NLA: 800sqm*
- Large ground floor retail of 495.7sqm*
- 1st floor office of 181sqm* approx. currently leased
- 1st floor 3 bedroom residence of 122.40sqm*
- Large rear car park area for 15 cars
- Current gross passing income: $47,737.33* per annum
- Estimate net income fully leased: $308,808* per annum

* approx.

We have identified potential redevelopment or adaptive reuse options for consideration:

• Redevelop or convert into a residential premises
• Convert the building to a commercial headquarters and either occupy or lease out
• Owner occupiers can occupy part of the building and lease the residual out allowing for income stream
• Investors can lease the building out as a whole or as multiple tenancies creating exposure to multiple tenancies pools
• Showroom and/or retail on the ground floor with offices on upper levels

902 Botany Road, Mascot is for sale via an Expressions of Interest campaign (EOI) closing Thursday 16th September 2021 at 4pm (AEST) unless sold prior.

Inspections will be conducted by private one on one appointment only and can be arranged by contacting the exclusive agents.

Angus Urquhart
+61 432 192 8...
Angus.Urquhart@colliers.com

Trent Gallagher
+61 432 242 0...
Trent.Gallagher@colliers.com

Harry Bui
+61 418 477 8...
Harry.Bui@colliers.com

*All areas are approximate only.