179 Cleveland Street Redfern NSW 2016

Knight Frank and Adam Charles as the joint exclusive selling agent is excited to present for sale 179 Cleveland Street, Redfern; a trophy Sydney CBD fringe investment opportunity.

Operating as the Hacienda Hotel, 179 Cleveland Street presents a rare opportunity to secure a high-profile commercial investment with multiple value-add opportunities.

Investment Highlights:
- Trophy CBD fringe freehold investment
- 63 x studios plus 1 x 2 bedroom apartment
- $1,352,000 p.a. net income (FY24) with scope to increase
- c.1,800 sqm* commercial freehold
- 12 basement car parking spaces
- 350m* to Redfern train station and 900m* to Central station
- Building has recently been renovated throughout
- Multiple opportunities to add value.
- Ideal corner land holding in a high exposure location.
- Selling at replacement cost!

179 Cleveland Street, Redfern is being offered for sale via Expressions of Interest closing on Thursday, 19 September 2024 at 4:00pm (AEST).

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