142&144 Victoria Street,
Potts Point, NSW 2011

Shops & Retail

Key property information

Floor area

Zoning

Tenure type

Tenanted Investment Details

Occupancy

Fully Leased

Est. Incomep.a.

$495,000

Number of Tenants

2 Tenants

Private inspections

to arrange a private inspection.

Map

Directions

Two City Fringe Freehold Buildings with Income - Auction Postponed

Combined land area of 316.2 sqm* across
Flexible Mixed-Use zoning with 1.5:1 FSR
Just one train stop from Sydney CBD

A valued proposition to acquire two freehold properties spanning 316 sqm* site area. The assets are fully leased to two long-term tenants, anchored by Urban Nomad Backpackers offering up to 116 beds, together with a ground floor café tenancy. Strategically located in one of Sydney’s most connected inner-city precincts, the properties provide excellent connectivity to major landmarks, transport links, and Sydney’s Eastern Suburbs beaches.

Key Highlights:
• Anchored by two long leases providing secure income with a WALE by income: 4 Years
• Moments to vibrant retail and dining precincts
• Net income: $495,071 per annum
• Future value-add potential through redevelopment (STCA)
• Will be sold in one line

142 & 144 Victoria Street, Potts Point is offered for Public Auction on Tuesday the 28th September at 5pm (AEST), held at Cooley Auction Rooms, Level 1, 29-33 Bay Street, Double Bay, 2028.

For more information, or to arrange an inspection, please contact the exclusive agents:

Harry Bui - 0418 477 8...
Charles Raine - 0497 534 8...

Potts Point, 2011 demographic data

The median household income for Potts Point is $2,054, 1% lower than Greater Sydney's household income of $2,077. Potts Point has a similar age profile compared to the rest of Greater Sydney (median age 37). Property ownership data shows 46% of property owners in Potts Point have a mortgage.

7,183

Population

$2,054 per week

Median household income

37 years

Median age

Renters

Most residents

Singles

Most households