35-41 Addison Road Marrickville NSW 2204

LJ Hooker Commercial South Sydney | Inner West are pleased to offer this exciting opportunity to acquire both 35-41 Addison Road & 53-55 Philpott Street, Marrickville in-line.

Positioned across a 3 street frontage, the highly exposed site is positioned within the newly activated residential precinct of Sydney's Inner West and in close proximity to Newtown. Existing improvements, currently with short term tenancies in place, provide a excellent platform for adaptive re-use towards retail/showroom uses and will suit a wide variety of occupiers.

In addition, current planning controls and recent nearby developments places the combined site as an ideal location for a mixed-use residential redevelopment. An initial preliminary study shows an existing yield of approx. 3,931m2 GFA (8 townhouses + 35 units + 210m2 retail) subject to council approval.

Key Points;
- Total Land: 2,329.3m2 approx.
- Building Area - 35-41 Addison Road: 1,735m2 + Mezzanine
- Building Area - 53-55 Philpott Street: 1,243m2 + Mezzanine
- Subject to existing tenancy (EXP: 9/22)
- Three street access, with adjacent sites along block having been recently completed
- 35-41 Addison Road (FSR 2:1 - HOB 17m)
- 53-55 Philpott Street (FSR 1.2:1 - HOB 11m)
- Walking distance to Enmore Road, King Street Newtown and Marrickville Metro Shopping Centre
- B5 Zoning (Marrickville Local Environmental Plan (LEP) 2011) allows additional permitted use which permits residential accommodation as part of a mixed-use development

Expressions of Interest closing on Friday 26th March 2021 @ 12:00pm - Must be sold, all offers welcome.

For further information, please contact Exclusive Agents.

- George Carydis | 0401 515 528
- Daniel O'Brien | 0404 860 747