Iconic Mixed-Use Landmark with Unrivalled Exposure & Substantial Development Potential
An iconic retail building recognised as the former site of Universal Lighting for decades, this remarkable prospect occupies over 600sqm approx. of floor space within 100 metres of Edgecliff Centre and Station. Located on the corner of Darling Point Road, with a rare wraparound glass frontage that includes a long stretch along New South Head Road that provides great exposure. The three-level building caters an excellent balance of commercial and residential, currently configured with a retail tenant occupying two levels that feature accessibility, natural light, air con and abundant space for a showroom or commercial HQ. Elevated for superb city views, the three-bedroom residence commands the entire top floor and possesses an impeccable finish with stylish modern fixtures. Picture this in your portfolio - a readymade earner with an established tenancy, plus a residential floor you can live in or lease out, as well as a myriad of future possibilities. Bordering Darling Point and Rushcutters Bay, it enjoys a central position between the prestigious Eastern Suburbs and the CBD.
Redevelopment potential with existing plan for a seven-storey development comprising 11 residences with secure parking, complemented by further development potential under the new Transport Oriented Development Program and government support for Micro Apartment Living initiatives. (STCA)
Property features:
- Unbeatable exposure with 22m frontage along New South Head Rd
- Can reconfigure the three-levels to suit your commercial enterprise
- This is a rare retail showroom offering product display over 2 levels
- Darling Point Rd frontage includes a 12m Loading Zone at your door
- Suits a range of sectors incl. healthcare, sales, education / tutoring
- Spacious & bright residence with light entering from three aspects
- North-facing in/outdoor living with sun-drenched entertaining terrace
- Sleek custom kitchen with electric cooktop & integrated dishwasher
- King master with dressing area & luxe ensuite with freestanding tub
- Modern downlights, air conditioning, ceiling fans, custom built-in robes
- Convenient residential living close to supermarkets, cafes & schools
- Excellent public transport options favour both customers & staff
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