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1 Butt Street Surry Hills NSW 2010

  • Offices
  • 1,350 m²
  • For Sale, Contact Agent

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

    Shane Blackett
    IB Property
    Shane Blackett
    IB Property
    James Aroney
    JLL - Sydney
    James Aroney
    JLL - Sydney
    Mitch Noonan
    JLL - Sydney
    Mitch Noonan
    JLL - Sydney

    Property Highlights

    Property ID2017362164
    Floor Area1,350 m²
    Land Area658 m²
    Energy4-star NABERS Energy rating
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 Oct 2021
    Map for 1 Butt Street Surry Hills NSW 2010
    Map for 1 Butt Street Surry Hills NSW 20101 Butt Street Surry Hills NSW 2010
    Shane Blackett
    IB Property
    Shane Blackett
    IB Property
    James Aroney
    JLL - Sydney
    James Aroney
    JLL - Sydney
    Mitch Noonan
    JLL - Sydney
    Mitch Noonan
    JLL - Sydney

    Property Highlights

    Property ID2017362164
    Floor Area1,350 m²
    Land Area658 m²
    Energy4-star NABERS Energy rating
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 Oct 2021
    IB Property
    Suite 5.01/10-14 Waterloo Street Surry Hills NSW 2010
    Shane Blackett
    IB Property
    Shane Blackett
    IB Property
    James Aroney
    JLL - Sydney
    James Aroney
    JLL - Sydney
    Mitch Noonan
    JLL - Sydney
    Mitch Noonan
    JLL - Sydney
    Shane Blackett

    Shane Blackett

    IB Property

    James Aroney

    James Aroney

    JLL - Sydney

    Mitch Noonan

    Mitch Noonan

    JLL - Sydney

    0410 *** ***
    0410 093 392

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