Colliers International is pleased to offer 55 Mentmore Avenue Rosebery for sale. The property represents an excellent opportunity for an owner occupier, investor, or developer to acquire a freestanding freehold property in a market with sound fundamentals and future upside.

The property is prominently located on the corner of Morley Avenue and Mentmore Avenue and is set amongst trendy cafes, leading fashion designers, furniture showrooms, and company headquarters.
Rosebery is fast becoming a mixed use and commercial / industrial market which is both owner occupied and heavily held by major institutions and corporates.


Key attributes of the property include:
- Current net income of $477,911.26 per annum
- Adaptive re –use reconfiguration proposed net income of $1,684,620 per annum
- Site area of 2,931m² (approximately)
- Building area of 5,770.20m² (approximately), 5,615.40m² net lettable area
- 2,806.30m² (NLA) of current vacancy, with 2,809.10m² (NLA) fully tenanted
- 100 + metres of significant street frontage to both Morley and Mentmore Avenue
- Quality boutique building, five levels and 52 car spaces
- Past DA was approved to increase the net lettable area
- Ability to reposition the building to maximize the net income potential
- Capitalise on the proposed Draft City of Sydney Employment Lands Strategy, which proposes a new mixed use zoning which may include residential


SALE PROCESS
Expressions of Interest are to be submitted to Colliers International by:
3.30pm on Wednesday, 28th August 2013.


Please call the exclusive agents from Colliers International:

Michael Crombie
M: 0412 903 0...
W: 8337 6212
E: michael.crombie@colliers.com

OR

David Scott
M: 0415 765 498
W: 8337 6211
E: david.scott@colliers.com