Ray White Commercial Sydney North as the exclusive selling agent is pleased to present 71 - 75 Willoughby Road, Crows Nest for sale by public auction.
This property offers a rare opportunity to secure a landmark corner location in a highly sought-after position, situated on the premier retail strip of Willoughby Road, Crows Nest with outstanding mixed use redevelopment potential (STCA).
Spanning an impressive 680 sqm* of land, the site currently comprises a mix of retail and commercial tenancies on varying expiry dates, as well as 5 car spaces.
This impressive site in a high-profile corner location affords outstanding exposure with over 58m* of frontage to Willoughby Road and Holtermann Street as well as rear lane access via Hospital Lane. It is surrounded by long standing and high-profile retailers and service providers including Coles, Woolworths, Guzman Y Gomez, Grill'd, The Crows Nest Hotel, Chemist Warehouse, Westpac, St George Bank, Commonwealth Bank and many more. The site is adjacent to North Sydney Council's Holtermann Street car park with over 400 car spaces*.
The property presents as an incredible opportunity for investors or developers who wish to maximise the potential of the site, given the existing under development. It also benefits from excellent holding income. The MU1 Mixed Use Zoning and 10m height limit offers future redevelopment upside (STCA).
71 - 75 Willoughby Road, Crows Nest is surrounded by easy access to public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches. The location is further enhanced by its proximity to the new Crows Nest Metro Station, 160m* from the property with pedestrian access directly opposite which is expected to be operational in mid 2024. The $20B Sydney Metro project will deliver the first fully automated metro rail system in the country, with trains set to run every 3-4 minutes, enabling efficient travel from Crows Nest to the Sydney CBD in just 7 minutes*.
Property Highlights:
• First Time offered in 30 years*
• Prime 680 sqm* Land Area
• Over 58m* Street Frontage + Laneway Access
• Landmark Corner Position
• Outstanding Development Potential (STCA)
• Excellent Holding Income
*All figures are approximate
For further details or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
Andy Yeung | 0414 588 382
andy.yeung@raywhite.com
