Set in the heart of Rushcutters Bay this strategically positioned site, selling in one line set in a high-density location and surrounded by parks and recreational facilities including CYC Sailing Club as well as Kings Cross & Edgecliff Train Stations and the vibrant Potts Point & Elizabeth Bay precinct, cafes, restaurants and a few km's from Sydney CBD.
Four retail shops and Five residences above extraordinary potential and corner exposure and suit many commercial uses adjoins the new Nautica prestige residential development.
Zoned B4 Mixed Use offering of 5 commercial terraces situated on the corner of Bayswater Road, Waratah Avenue. Leased short/medium term with an estimated holding income GAR, with room to improve returns by way of upgrading/renovating. $280,000pa across all retail and residential units.
Previous DA approval for boutique conversions and an additional level. An abundance of possibilities for hospitality venues, land banks with the potential to amalgamate, investors, development, HQ and the like for those seeking enviable exposure and making your mark with current and future possibilities (STCA) as well as long term capital growth.
Please note short leases are due to the sale of the properties with scope for increase with enhancement and longer leases being offered.
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