122a Avoca Street Randwick NSW 2031

Stonebridge are pleased to present for sale, 122a Avoca Street, Randwick, an oversized 3-storey building tenanted by Telstra, that offers existing improvements with impressive scale that exceed current planning controls. Secure holding income is on offer via a short-term, landlord-favourable, triple net lease structure.

The asset has the following key investment features:

+ Vibrant Eastern Suburbs locale in close proximity to UNSW and Prince of Wales Hospital

+ Generous 1,081sqm* freehold site along Randwick's prominent retail strip

+ Large existing structure with unobstructed city and ocean views from rooftop

+ Capitalise on scale beyond current height and FSR controls^

+ Secure short-term holding income from blue-chip tenant via a 3-year secure leaseback

+ Convenient public transport with regular light rail and buses

* Approximate ^STCA

122a Avoca Street, Randwick is for sale via Expressions of Interest closing Wednesday 20th November 2024 at 4pm (AEDT).

For further information, or to arrange an inspection, please contact the exclusive selling agents.