14-20 William Lane Darlinghurst NSW 2010
- 395 m²
WAREHOUSE CONVERSION + CITY SKYLINE VIEWS
This is a 4 storey warehouse office conversion recently refurbished to a high standard. Construction is of brick and iron bark timber frame. The property features a courtyard style entry to both tenancies which are interconnected via internal stairs and have their own individual amenities. The building features ducted air conditioning with individual controls per floor. The upper levels enjoy a north facing aspect that takes in an inspiring vista that includes the CBD and Domain. The premises has the ability to be let as 3 separate tenancies with strata subdivision potential (STCA).
Net Lettable Area: 395sqm approx - Subject to Survey
Site Area: 152sqm approx - Subject to Survey
Zoning: Flexible zoning "10 - Mixed Uses" under City of Sydney LEP
Tenancies: Equity Development Management will leaseback Ground and Level 1 at $85,000 per annum net + GST or provide vacant possession whilst Levels 2 & 3 are available to let or are ideal for owner occupation as commercial or warehouse style apartment living. Owner occupiers can secure VP of the whole building with quality fitout available to the lower levels.
Net Income Potential: Estimated net annual income potential is $169,028 + GST.
Outgoings: $12,911 ($32.69/sqm incl. land tax)
Comment: Outstanding East Sydney/Darlinghurst freehold opportunity ideal for the prudent investor, owner occupier or the ultimate City Fringe "live work" scenario.
Located on William Lane, the property is well positioned one block to the north of the rebirthed William Street. The property is close to both the CBD, arterial road entry points to the Eastern Distributor as well as Potts Point/Kings Cross and the vibrant eateries in nearby Stanley Street, East Sydney and on Woolloomooloo Bay.
Fit Out: Yes
Area sqm: 395
Rate psqm $460
Annual Gross Rent: $181,700 +GST
Outgoings: $33 per sqm
PRICE REDUCED TO SELL
|Date Sold||4 Apr 2013|
|Floor Area||395 m²|
|Land Area||Ask Agent|
|Last updated||8 Mar 2013|