19-31 Riley Street Woolloomooloo NSW 2011

An outstanding opportunity to acquire a highly coveted commercial freehold in Sydney's dynamic city fringe, boasting premium exposure and significant future growth prospects. Positioned in a tightly held precinct, this versatile asset offers an unbeatable combination of strong holding income subject to tenancy and flexible redevelopment potential (STCA). Currently operating as a well-established panel beater and automotive repair shop with an adjoining two-level office, the property presents an excellent investment with immediate revenue, subject to tenancy, and long-term upside. With favourable planning controls, generous zoning allowances, and a prime location, this site is primed for transformation into a landmark mixed-use development (STCA). A rare chance to secure a high-profile city-fringe asset with unparalleled versatility, strong income potential, and limitless future possibilities. Act now to capitalise on this exceptional investment opportunity.

Features:
- Expansive Landholding - Generous 697sqm* site with significant development potential (STCA).
- Versatile Mixed-Use Zoning - MU1 zoning allows for a range of commercial and residential redevelopment opportunities.
- Favourable Planning Controls - FSR 2:1 and 12m height limit provide substantial scope for future projects (STCA).
- Ample On-Site Parking - Secure off-street parking for up to 12 vehicles, a rare city-fringe advantage.
- Unmatched Development Potential - Positioned for significant capital growth with flexible planning provisions (STCA).
- Exceptional Connectivity - Just 800m to Kings Cross & Museum Stations, and only 300m from Hyde Park & Finger Wharf dining precinct.
- Vibrant Lifestyle & Amenities - Surrounded by Sydney's finest cafes, bars, and restaurants, including Flour & Stone, Slims Rooftop & East Sydney Hotel.