Stanton Hillier parker is pleased to present 50 Kellett Street, Potts Point to the market for sale. This beautiful terrace offers the astute investor the opportunity to continue using the property for Adult Services or to develop, modernize and capitalise. The property is currently configured with 9 purpose-built rooms, large reception area over two-levels with secure rear lane access and double off-street parking. The business is well-established with a grandfather 24-hour Adult Services license, quality fit-out and continuous income stream.
The flexibility of the MU1-Mixed Use zoning and the 12-metre height allowance will enable you to unlock the development opportunity to craft your dream space, whether for residential living or for lucrative commercial usage (STCA). Conveniently located in one of Sydney's most vibrant and densely populated areas and just footsteps away from the Kings Cross Train Station, popular restaurants, shops and Sydney CBD; this property is close to everything.
Key Property Highlights:
Continue operating as adult services business
Develop with 12-metre height allowance
Rear lane access with double off-street parking
9-Purpose built rooms over 2-levels
High quality, no expense spared fit-out
3 Communal toilets and 7 showers
Airconditioning throughout property
Zone: MU1 Mixed Use
FSR: 1.25:1
Land area: 152 sqm
Building area: 130 sqm
Offered with vacant possession
Outgoings:
Water rates: $2,420 pa
Council rates: $5,273 pa
Offered For Sale via Expressions of Interest (EOI), closing on the 8th of May'24 at 4:00pm.
Please contact the exclusive agents for further information:
Steven Kruyer 0414 404 070
Guy Yarden 0404 082 262
