137 Broadway, Ultimo NSW 2007
SOLD! Tenanted City Fringe Investment with Mixed-Use Development Upside*
Sold via Private Treaty, DWP Property is proud of the sale of this brilliant freestanding premises in the Sydney City fringe suburb of Ultimo.
Boasting arguably the best location along Broadway, this premises certainly takes advantage of its prime position and high exposure to all passing foot and vehicular traffic. The subject property is also within short walking distance to Central Train Station, University of Sydney, Spice Alley Restaurants, UTS, Notre Dame University, Broadway Shopping Centre and Central Park Shopping Centres just to name a few community hotspots only a stones throw away.
Fully leased with all tenants paying rent on time, this building is ideal for investors looking for a sound strategy to park their funds with the opportunity to capitalise on future development upside (S.T.C.A).
This three-storey Victorian classical-style brick commercial building is comprised of five commercial terraces with a strip of retail shops on the ground floor while the upper floors are currently utilised as accommodation with rooms offered in various configurations and sizes.
The building also includes the following major attributes:
• Total current net lettable area of 855sqms* plus 8 car spaces
• Land size of 662sqms*
• Total passing income of $630,394pa* with significant rental uplift
•. Numerous re-development options available (S.T.C.A)
For more information please contact the listed agent Darren Pienaar on 0422 704 604.
* All quoted numbers in this advertisement are approximate only and any future development opportunities are Subject To Council Approval (S.T.C.A).