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1 Butt Street
Surry Hills NSW 2010
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Sold on 25 Nov 2021

1 Butt Street Surry Hills NSW 2010

  • Offices
  • 1,350 m²
  • Sold

Spectacular Surry Hills Freehold Investment with Secure Lease

I.B Property in conjunction with JLL take pleasure in presenting 1 Butt Street, Surry Hills for sale by way of public auction commencing 10am Thursday 25th November 2021 at Cooley Auction House, Level 5, 1 Margaret Place, Sydney.

Positioned ideally between bustling Elizabeth Street and Devonshire Street and footsteps from Central Station and the light rail, 1 Butt Street is a showpiece of high end, City Fringe converted warehouse accommodation.

This rare and significant offering presents the opportunity to purchase a versatile and high quality asset in a high conviction growth precinct.

The property, originally three separate buildings occupied as a printing warehouse for decades before its 2009 office conversion, boasts secure income that is underwritten by a whole building lease to an international tenant.

The asset's quality refurbishment and strong covenant positions the asset for solid capital growth.

Key Investment Highlights:

- 1350sqm NLA
- International tenant covenant until May 2025 plus 4 year option
- High quality refurbishment
- 658sqm Land
- Three floors with lift access
- Amenities and Kitchen on every floor allowing for ease of split tenancies in future

The asset is located in the heart of Surry Hill's thriving commercial district is in close proximity to benefit from Sydney's Infrastructure Core. 1 Butt Street is positioned to be less than 650m from the city defining Tech-Central Precinct.

For more information or to organise a private inspection, please contact the exclusive agents:

I.B Property
Shane Blackett
0410 093 392

JLL
Mitch Noonan
0423 931 119

James Aroney
0423 931 119

IB Property
IB Property
322 Crown Street
Surry Hills, NSW 2010

Property Highlights

Date Sold25 Nov 2021
Floor Area1,350 m²
Land Area658 m²
Energy4-star NABERS Energy rating
ParkingAsk Agent
Property ID2017362164
Category
Last updated  29 Nov 2021
Map for 1 Butt Street Surry Hills NSW 2010

Nearest transport* to 1 Butt Street Surry Hills NSW 2010

Bus
Train
Tram
Ferry
Elizabeth St At Devonshire St140 m
Elizabeth St Before Cleveland St243 m
Prince Alfred Park, Chalmers St276 m
Cleveland St At Walker St362 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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IB Property
IB Property
322 Crown Street
Surry Hills, NSW 2010

Property Highlights

Date Sold25 Nov 2021
Floor Area1,350 m²
Land Area658 m²
Energy4-star NABERS Energy rating
ParkingAsk Agent
Property ID2017362164
Category
Last updated  29 Nov 2021

Co-Agents

Shane Blackett
Shane Blackett
IB Property
Call
0410 093 392
James Aroney
James Aroney
JLL - Sydney
Call
0408 245 554

More about 1 Butt Street Surry Hills NSW 2010

1 Butt Street Surry Hills NSW 2010 is categorized as Office. It has a floor area of 1,350 m². The listing ID for this property is 2017362164.

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