9/5-15 Orwell Street Potts Point NSW 2011

A rare and exciting opportunity exists for investors and commercial developers alike, this 660sqm building is currently a successful gym servicing over 200 clients a day in the heart of Potts Point. With a net rental return of approx. $317,000 per annum and excellent potential further increase, it presents an outstanding prospect as is, while offering excellent scope to reconfigure into five x 120sqm apartments with direct access to Springfield Apartments. Boasting its own private entrance from Orwell Street and secure parking for five cars, this exceptional offering is positioned within footsteps of Macleay and Victoria Street's cosmopolitan shops, bars and cafés, while a stroll to Kings Cross Station, the weekend markets, harbourside parks and Woolloomooloo's celebrated waterfront dining.

- Zoned MU1 Mixed-use property in the heart of Potts Point
- Leased to the state-of-the-art PE Dept. Fitness Centre
- The gym is currently servicing approx.200 clients per day
- Net return of $317K per annum with potential further increase
- Reception area, office and multiple bathroom amenities
- Potential to reconfigure into five x 120sqm new apartments
- Convenient lift access to five secure oversized car spaces
- Entrance via Orwell Street, part of Springfield Gardens
- Access to complex pool and rooftop with stunning harbour views
- Footsteps to Victoria and Macleay Street's shops, eateries
- Walk to Kings Cross Station, city buses, weekend markets
- Moments to Woolloomooloo's celebrated waterfront dining
- Boasts easy access to Rushcutters Bay, beaches, the CBD