202-210 Elizabeth Street Surry Hills NSW 2010

This is a single-level property sitting on approximately 328 sqm of land. It is currently occupied by an established Thai restaurant with al fresco dining.

The premises is well-positioned on Elizabeth Street, a main arterial linking Sydney CBD to the south, with Central Station and Thai-town just across the road. The property offers enormous upside potential for future redevelopment (subject to Council approval.)

According to Sydney Local Environmental Plan 2012, the property is Zoned B4 Mixed Use with a Floor Space Ratio of 3:1 and a maximum permissible height of 18 metres.

Tenant pays a gross rent of $117,141.46 per annum + GST and part of the outgoings. The current lease expires in November 2016 and the tenant has an option to renew the lease for another 2 years. The lease may be terminated with 6 months written notice to the tenant if the property is to be demolished or redeveloped.

For more details please contact
Raymond Hung 0419 223 895