Highly Prestige St in Potts Point, tenanted investment 273 sqm land area, 11m frontage, freehold building, mixed use, 4 car space rear lane access

OPEN FOR INSPECTION:<br/>Wednesday 6 April 2022 12:00 PM 12:30 PM<br/>Saturday 9 April 2022 09:00 AM 09:30 AM<br/><br/>This is a 273sqm*, freehold building, mixed-use property with development upside in the heart of tightly held prestige street and suburb – Victoria St, Potts Point. Close to cafes, eateries, amenities, and a few doors down from Kings Cross Train Station.<br/> <br/>This property represents an extremely rare opportunity for purchasers seeking mixed-use re-development opportunities in Potts Point or those looking for a grand residential property with wide frontage and wide back access for car parking.<br/> <br/>Property highlights: <br/>• A large footprint / land area of 273sqm * (subject to survey) and floor area $453 sqm<br/>• Current site: Ground floor retail 227sqm, Level-one 113sqm and Level-two 113 sqm, and 4 car spaces<br/>• Tenanted investments: $3530 per week or $183,560 per year (GST payable is $4680 per year)<br/>• Frontage and rear lane access 11m wide<br/>• Convenient rear lane access via Earl Street<br/>• FSR of 1.5:1<br/>• B4 Mixed Use Zoning<br/>• 12m height limit <br/>• Limited mixed-use development opportunities in Potts Point<br/>• An opportunity to capitalise an underutilised GFA<br/>• Situated within one of Sydney's tightly held prestige suburbs – Potts Point<br/>• Opportunity to profit on strengthening residential boom<br/>*approx.<br/>* agent's interest <br/>