Located in the popular and vibrant retail strip of Northbridge with strong passing trade, this two-storey freestanding building sits on a 446 sqm block of land, and provides a wonderful opportunity for investment, owner occupation or potential for re-development (stca).

On two separate titles (but offered for sale in one line) the building comprises two retail shops fronting on to Sailors Bay Road, along with four separate office spaces, accessed separately down the side of the building. There are common facilities available, along with basement storage and a very generous rear yard that could provide exceptional outdoor amenity.

Current planning controls allow for a 14m height limit (17m if ground and level 1 are for commercial use) and a Floor to Space Ratio of 2:1 meaning the site could potentially accommodate an 892 sqm building (stca).

With outstanding potential to increase returns and plan for future re-development, this is a wonderful opportunity to secure this landmark building in this superb growth locale.

Auction: Tuesday 17th October 2023 at 10.30am

Inspect: Strictly by prior appointment

Land area: 446 sqm approximately FSR: 2:1

Gross Income: $120,876.12 per annum (based on full tenure at most recent rentals)

Zoned: E1 local centre (Willoughby City Council)

To arrange an inspection or request the Contract or Information Memorandum,
contact David Buttel 0419 263 3... or email dbuttel@rhnb.com.au

Disclaimer

This document was prepared by Raine & Horne Neutral Bay ("RHNB") & the information in this document is general in nature & is a guide only. Nothing in this document is intended to constitute advice (incl. advice about financial products or services) and, before acting, interested parties should make their own enquiries & seek independent advice about all of the information in this document as it does not take into account your individual circumstances. RHNB does not warrant the accuracy of any information in this document, some of which may have been obtained from other people, & which has not been confirmed by RHNB. Figures quoted are approximate only, are subject to change, & do not take account of the possible impact of GST. The information must not be relied upon to make any investment decisions. Subject to any statutory limitation on its ability to do so, RHNB disclaims liability under any cause of action whatsoever, including negligence, for any loss arising from use of or reliance upon this document, your failure to verify the information or seek appropriate advice.