48 Albany Street,
Crows Nest, NSW 2065

CI Australia & PropertyFox are delighted to offer 48 Albany Street, St Leonards For Sale by way of Expressions of Interest closing 4:00pm on Thursday 16th September 2021.

48 Albany Street is an irreplaceable fully leased mixed use investment located 150m away from the impending Crows Nest Metro Station. Holding an elevated corner position the property is strategically situated between St Leonards & Crows Nest surrounding it with an abundance of amenity.

Completed in 2018, this striking 6 level freehold building has been architecturally designed by award winning architect Daniel Boddam and contains 34 executive studios and a corner retail shop.

Despite the global pandemic, the building is at 100% occupancy. Its location, design and functionality will continue to drive strong demand and rental upside well into the future.

• Striking building in the perfect location
• Enviable corner position
• 100% occupancy
• 150m to the Crows Nest Metro due in 2024
• 27 executive studios, 7 serviced apartments & a prime corner shop
• Self contained rooms all with bathroom and kitchenette
• Diverse income stream
• Excellent income security
• Surrounded by an abundance of retail amenity
• Award winning Fin Fine Fish & Chips Café on a 3 + 3 year lease
• Excellent depreciation benefits

Opportunities to acquire corner freehold properties in Crows Nest & St Leonards are fast diminishing as residential developers take advantage of strong residential demand and favourable town planning controls. Proximity to the Royal North Shore, increasing demand and significant council led development will drive capital appreciation in the area.

For more information or to arrange an inspection please contact Nick Lowry from CI Australia on 0408 891 376 or Tim Fox from PropertyFox on 0431 328 989.