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177 Cathedral Street , Woolloomooloo City Fringe |
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| Location
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The property is located on the southern side of Cathedral Street in the heart of Woolloomooloo, is an island site with frontages to Judge Street and Judge Place backing onto the Eastern Suburbs Railway.
This increasingly popular and gentrified eastern city fringe suburb is a short stroll from the centre of the Sydney CBD and boasts close proximity to the vibrant restaurants and nightlife of the Finger Wharf on Woolloomooloo Bay as well as the transport links of Kings Cross Station, the Eastern Distributor and William Street.
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| Description
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This solid two level commercial warehouse building (circa 1912) of brick and concrete construction has been progressively upgraded over recent years. The premises is fully air conditioned throughout.
The ground floor has a showroom area, offices and kitchen facility at the front with warehouse accommodation and loading dock facility at the rear. The upper level, with an internal and separate entry from Cathedral Street, features clear span space with a reception area, open plan and perimeter office accommodation configured as a centralised call centre, and boardroom facilities. Separate male and female amenities and full eat in kitchen are also located on this level. The Wine Society have occupied the since refurbishment in 1987.
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| Accommodation\\ |
TOWN PLANNING
1.75:1 FSR + 12 Metre height limit.
LAND DIMENSIONS AND SITE AREA*
12.466/14.154 x 36.02/34.5 metres
500m² approx – Subject to Survey |
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| Investment
Details
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REDEVELOPMENT POTENTIAL
The property provides functional and flexible accommodation and could be refurbished to highlight its original factory/warehouse origins and the cathedral roof structure on the upper level. There is also potential to convert the building into two separate tenancies with the upper level having separate direct access from Cathedral Street or we feel a conversion of the existing premises into 'live/work' style terraces could be lucrative as the base structure is already there (STCA). The property has a flexible ?Mixed Uses 10? zoning which will allow for ongoing commercial uses or residential redevelopment (STCA).
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| Parking
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| Comments
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COMMENT
The Wine Society are relocating to larger premises and this is a genuine sale. This sound building is exceptionally close to the Sydney CBD and the Eastern Suburbs, within walking distance of Woolloomooloo Bay and the Finger Wharf. The property is ideally placed for a warehouse/office style of upgrade or for the ultimate boutique residential conversion (STCA).
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| GST
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| Disclaimer
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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.
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