IB Property and Mercer Property are thrilled to present the former 1930's E G Bishops Engineering Factory at 35-45 Myrtle Street, Chippendale, to the market for sale by Expressions of Interest.
This exceptional freehold property offers a distinctive blend of ground and first-floor commercial floorplates alongside an adjoining residential terrace, making it a prime investment in one of Sydney's most vibrant creative and academic districts, just 2 km from the CBD.
The commercial building has recently been leased to an Established Tech Company which launched in 2017, pioneering quantum infrastructure software and just last year were awarded "Australia's Most Innovative Tech Startup".
Their tenure extends to 30 September 2029 with a 5-year option. Prior to commencement of their lease the building underwent a substantial multi-million dollar renovation, upgrading all building services and infrastructure.
Building Features include:
- 670sqm site area on corner block with natural light on 3 sides
- 1,062 sqm of commercial building
- 124 sqm two level, 2 bedroom residential terrace
- 1,186 sqm of total NLA
- Loading dock/parking space
- Impressive 5 metre high curved ceiling on Level 1
- Roof mounted solar panel system
- New lift servicing the commercial floor plates
- Net income of $781,454 + GST per annum
Situated near prestigious institutions like the University of Sydney, University of Technology Sydney (UTS), University of Notre Dame and a 10minute walk to either Central Station or Redfern Station and the Tech Central Precinct , this property is perfectly positioned to take advantage of this educational and technology focussed precinct.
This is an exceptional opportunity to secure a versatile corner freehold property secured by one of Australia's fastest growing Tech Companies in Sydney's evolving tech precinct.
Expressions Of Interest Closing: Thursday, 21st November, 2024 at 4:00PM
For more information, please contact the exclusive selling agents.
Shane Blackett
0410 093 392
Tom Speakman
0412 891 330
Steffan Ippolito
0403 347 111
