48-48A Darlinghurst Road Potts Point NSW 2011

CBRE, as the exclusive sales agent, is pleased to present 48-48a Darlinghurst Road, Potts Point to the market. An outstanding opportunity to acquire a five-storey mixed-use freehold gem situated in the gateway to Sydney CBD. The subject property consists of 14 self-contained studios & a ground-floor retail space providing a diverse and secure income stream.

48-48a Darlinghurst Road, Potts Point benefits from the following key attributes;

- Mixed use freehold comprising 14 x self contained studios & G/F retail to be sold in-one-line
- Retail space leased to a Chemist on a brand new 5 + 5 year lease with 4% fixed annual increases
- $428,835.71* gross passing income per annum 
- Staggered lease expiry allowing for quick and easy revision of rents
- E1 Local Centre, 3:1 FSR & 22m height of building limit allowing for future repositioning opportunities
- Potential to run the site as short term accommodation, hotel or hostel (STCA)
- Opportunity to add value, refurbish and/or increase rents significantly
- Situated in a highly sought-after city fringe suburb with robust demand for rentals
- Unrivalled urban convenience situated 1.8km* from Sydney CBD and a minutes walk to Kings Cross Train Station and a 2 minute* ride to Martin Place & Metro Station

48-48a Darlinghurst Road, Potts Point, will be offered for sale at CBRE's National Auction Series, 14th November, 2024 from 9:30am onwards, CBRE North Sydney - Level 29, 177 Pacific Highway, North Sydney

For more information or to request access to the due diligence room, please contact the exclusive sales agent.

Approximate*