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Sold on 4 Apr 2013

14-20 William Lane Darlinghurst NSW 2010

  • Offices
  • 395 m²
  • Sold

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.

Location
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

Property Highlights

Property ID2010301789
Date Sold4 Apr 2013
Floor Area395 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  8 Mar 2013
Map for 14-20 William Lane Darlinghurst NSW 2010
Laing+Simmons Potts Point
145 Victoria Street Potts Point NSW 2011

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