 |
|
131-135 Bathurst Street , Sydney CBD - Mid Town |
|
|
 |
| Location
\\ |
A strategic position on the southern side of Bathurst Street, between Pitt and Castlereagh Sts only 200 metres from both Town Hall and Hyde Park, on the high pedestrian ?ant track? from East to West, to Town Hall Railway Station.
|
| Description
\\ |
Currently leased to two retail tenants, this rather unique and sound three level retail commercial building is ideally placed for refurbishment and/or redevelopment with the tenant to the upper floors having just vacated and the shop leases to 7 Eleven Stores Pty Ltd expiring in February 2009 and the Bathurst Street Pharmacy in December 2008. The existing leases do not have options. Current gross income is $230,946 per annum plus GST with the commercial levels ideally placed for refurbishment. |
| Accommodation\\ |
We are informed by the City of Sydney that a previous DA approval had been achieved for an 18 storey Serviced Apartment Tower on the site incorporating some 64 units plus a coffee shop in 1997. This DA has subsequently lapsed, but we understand the base FSR applicable to our site is 8:1 so on this basis the Floor Space Area for a redevelopment should reflect 2,128m² in all, plus the possibility of Bonuses for Retention of the Façade, Transferable Historic Floorspace (THFS) and the like (STCA). |
|
| Investment
Details
\\ |
|
| Parking
\\ |
|
| Comments
\\ |
Smaller affordable Retail/Commercial Buildings within the City of Sydney, being keys to future development sites, are a rare breed. This Trophy Building is well placed for an ‘add value’ or a redevelopment exercise either for Corporate Offices with High Profile Retail or a possible Tourism Related Development (STCA). We encourage you to consider Britannia House as an exceptional piece of CBD Real Estate with ‘untapped’ potential.
|
| GST
\\ |
|
| Disclaimer
\\ |
Whilst all care has been taken in the preparation of the information contained herein, no warranty is offered or implied. Interested parties should therefore rely on their own enquiries. all areas and figures are approximate.
|
|
