244 Oxford Street, PADDINGTON NSW 2021

244 Oxford Street comprises 3 separate tenancies; this freehold investment holds one title and occupies an enviable prime position in the heart of Oxford Street, Paddington. International tenant 7/Eleven occupies the ground floor with a long lease of 8 years. Levels 1 and 2 are occupied by an erotic massage parlour with a development approval granted in 1999. This DA approval is a valuable asset to any premises in the Woollahra Council precinct as a development approval of this type will not be granted easily in the future. This development approval ensures that Level 1 and 2 has a high occupancy and is rarely vacant. The ground floor at the rear of the building is occupied by a hair salon. This is an ideal usage for this particular tenancy as a hair salon works well as destination retail and doesn't need a high traffic flow. Always colourful and never dull Paddington and neighbouring suburb Woollahra are two of the eastern suburbs' most recognised shopping destinations. Oxford Street has long enjoyed the reputation of being one of Sydney's premier thoroughfares; the strip offers an enormous range of attractions, from renowned restaurants and hotels to bustling cafes. 244 Oxford Street, Paddington retains its original Victorian facade of rendered brick and displays cornice work. The zoning is Neighbourhood Business 3(c).  
 
- Total net income $298,272 per annum 
- Multiple tenants anchored by 7/Eleven 
- Oxford Street, Paddington 
- Blue chip location 
- Busy intersection 
- Freehold investment 
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