18 City Road Chippendale NSW 2008
- For Sale, Please contact agent
Prime Freehold Mixed-use Investment
- Total ares 503sqm
- Conveniently located
- STCA - 23-room student accommodation
Colliers International is delighted to exclusively offer 18 City Road, Chippendale for sale by way of Expressions of Interest, an exceptional investment opportunity to acquire a mixed-use freehold building strategically located in the thriving area of Chippendale, just 1.5km south of the Sydney CBD.
The property sits on a 255sqm* site with a total building area of 503sqm*, comprising of a 251.9sqm* ground floor commercial/retail space currently leased and an upper floor open plan New York style penthouse space with a large entertainment terrace and rooftop overlooking Victoria Park, Broadway Shopping Centre and the Sydney CBD.
Directly opposite Victoria Park, the property is at a prominent corner position between City Road and Elim Place, boasting a 12m* prime street frontage onto City Road. It sits in the very heart of Chippendale which is filled with vibrancy of lifestyle, entertainment and hospitality, positioned only minutes from Broadway Shopping Centre and the Central Park District.
It is also surrounded by major educational institutes such as Sydney University, University of Technology Sydney, Notre Dame University and TAFE NSW, drawing over 100,000 students within immediate proximity. The vendor has engaged planning consultants to prepare a 23-room student accommodation scheme (STCA) to capture the highly demanded market.
- Mixed-use freehold building located over two (2) levels consisting of 503sqm* plus rooftop
- Dominant corner position with prime 12m* street frontage onto City Road
- STCA opportunity to convert to highly demanded student accommodation
- Directly opposite Victoria Park and centrally located around 2 major shopping centres, Broadway Shopping Centre - and Central Park Mall
- Immediate proximity to USYD, UTS, TAFE NSW and University of Notre Dame
Expressions of Interest are to be submitted to Colliers International, the exclusive selling agents, by Thursday, 30 April 2020 at 10.30am (AEDT).
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