A prominent position adjacent to the botanical grounds of Centennial Park and right on the cusp of Oxford Street's and Paddington's diverse café, dining and shopping scene, this flexible property presents an outstanding opportunity. Currently the home of a long standing tyre business with a quality tenant in place, the property comes with R2 residential zoning that provides the option to redevelop into chic warehouse apartments or utilised for a luxury duplex/townhouse site (STCA). With an excellent income stream in place, it can be landbanked as an outstanding investment to be redeveloped in the future. The unbeatable location is footsteps to popular cafes, shops, services, the park and bus and moments to Bondi Junction.
High exposure 377sqm* site with ample parking near the door
Exceptionally well presented tyre replacement business
Generous air conditioned front reception, brand new bathroom
Substantial open plan design, plenty of space to reconfigure
Tenant on a current 3 year lease, with 3 year option to renew from 2024, CPI increases every 12 months
* Denotes approximate
