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:
