138 Victoria Street

Potts Point NSW 2011

Block of units

Currently for sale - view listing

Overview

Exceptional Mixed-Use Prospect, 4x Studios + Expansive Retail Holding

Located in the heart of Victoria St, the coming-to-market of this 3-level mixed-use residential/commercial property presents a rare opportunity in a prized location. Situated within an original Victorian terrace, 4 individual studio apartments, 3 with balconies or terrace, plus an expansive ground-floor retail premises are to be sold in one line, offering a unique chance on this long-cherished Potts Point street. Set over 3 levels with ground-floor commercial/retail and 4 residential studios in total across the upper 2 levels, this is an extraordinary prospect. All tenanted and in good condition, each apartment has strong rental demand as-is, with scope for comprehensive updates (STCA), while the ground-floor retail houses a long-running laundromat business over a spacious floorplan. A superb investment with scope for a range of options including conversion into a vast single dwelling, a complete revamp or change in configuration of the 4 studios, or even potentially a full rebuild of the property (all STCA), this is a premium chance just metres from cafes, transport, the harbour foreshore, and an easy trip to the CBD and the Eastern Suburbs. - Rare mixed-use chance on coveted street - 4x studios and large retail to be sold in one line - Mixed-use zoning with range of options on offer - All studios and retail with strong tenancy demand - Long-established ground-floor retail laundromat - 2x mid-level studios plus 2x upper-level studios - 2 front studios w/ balconies, lower rear w/ terrace - Superb investment/development chance (STCA) - Range of options to revamp or redevelop (STCA) - Scope for conversion to a single home (STCA) - Steps to cafes, bars, restaurants and train station