202-210 Elizabeth Street, SURRY HILLS NSW 2010
Freehold Retail Investment with Redevelopment Potential
This is a single-level property sitting on approximately 328 sqm of land.
It is currently occupied by an established Thai restaurant with indoor and al fresco dining.
The premises is well-positioned on Elizabeth Street, a main arterial linking Sydney CBD to the south, with Central Station and Thai-town just across the road.
The property offers enormous upside potential for future upgrade or redevelopment (subject to Council approval.)
According to Sydney Local Environmental Plan 2012, the property is Zoned B4 Mixed Use
Floor Space Ratio 3:1
Maximum permissible height 18 metres
Tenant pays a gross rent of $117,141 per annum + GST and part of the outgoings. The current lease expires in November 2016 and the tenant has an option to renew the lease for another 2 years.
Sold on 9th April 2015
It is currently occupied by an established Thai restaurant with indoor and al fresco dining.
The premises is well-positioned on Elizabeth Street, a main arterial linking Sydney CBD to the south, with Central Station and Thai-town just across the road.
The property offers enormous upside potential for future upgrade or redevelopment (subject to Council approval.)
According to Sydney Local Environmental Plan 2012, the property is Zoned B4 Mixed Use
Floor Space Ratio 3:1
Maximum permissible height 18 metres
Tenant pays a gross rent of $117,141 per annum + GST and part of the outgoings. The current lease expires in November 2016 and the tenant has an option to renew the lease for another 2 years.
Sold on 9th April 2015
