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Colliers - Sydney

Elbon Arcade, 402 New South Head Road Double Bay, NSW 2028

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Elbon Arcade, 402 New South Head Road,
Double Bay, NSW 2028

Offices • Shop & Retail • Medical & Consulting

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$9,300,000

Key property information

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Floor area

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Colliers - Sydney
Elbon Arcade, 402 New South Head Road
Double Bay, NSW 2028
Colliers - Sydney

Colliers - Sydney

Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000

Map of Elbon Arcade, 402 New South Head Road

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Trophy Freehold Arcade | Elbon Arcade | Double Bay

  • Total Gross Building Area: 720m²*
  • Net Income of $385,000 per annum*
  • 10 Tenancies Retail/Commercial
Capturing huge exposure to the Eastern Suburbs main artery to the CBD, Elbon Arcade strategically serves as a busy retail link to both New South Head Road and cosmopolitan Cross Street.

Presented to the market for sale for the first time in almost 40 years this trophy freehold is offered fully leased over 3 levels to a mix of 10 retail and commercial tenancies with a net income of $385,000 per annum*.

‘Elbon Arcade’, 402 New South Head Road, provides an exceptional opportunity to Investors, Developers and Value-Add Specialists to capitalise on this trophy position underpinned by multiple and diverse income streams ready to refurbish/redevelop and reposition.

‘Elbon Arcade’ key sale attributes:

• Capitalise on one of Double Bay’s busiest thoroughfares
• Diverse and Multiple income streams
• 10 Tenancies Retail/Commercial
• Net Income of $385,000 per annum*
• Land Area: 256.4m²*
• Flexible B2 Local Centre Zoning
• FSR: 2.5:1
• Height limit: 14.7 metres
• Refurbish, Redevelop and Reposition.

Elbon Arcade will be offered for sale by way of Public Auction on Thursday, 17 October 2019.

For further details, please contact Matt Pontey, Miron Solomons or Nick Lumley of Colliers International.

Auction:
10:30am, Thursday, 17 October 2019
Cooley Auction Room CBD
Dexus Place, Level 5, One Margaret Street, Sydney

*approx.

Matt Pontey
0438 33 77 99

Miron Solomons
0411 709 666

Nick Lumley
0401 766 217

Property ID: 503331546Last Updated: 14 Apr 2021

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Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
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Nick Lumley

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Nick Lumley
Colliers - Sydney
Elbon Arcade, 402 New South Head Road Double Bay, NSW 2028

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I’m interested in this property. Could you please provide me with more information.

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