For Sale- Prime Corner Position Near Waterloo Metro- Massive Development Upside (stca)
An outstanding opportunity to purchase an income generating property located on one of South Sydneys prime corners- the corner of Botany Road and McEvoy Street In Alexandria.
Features include:
Three Level Freehold Title Property with 73 metres frontage to Botany Road and 30 metre frontage to McEvoy Street.
Gross Building Areas:
Ground Level Showrooms- 1880 sqm
Upper Level Showrooms/ offices- 1868 sqm
McEvoy St Level Gym/ Parking- 1899 sqm
Total 5647 sqm ( all areas subject to survey)
Zoning MUI- Mixed Uses - allows a wide range of uses including residential , commercial , light industrial and showroom / retail uses.
Gross Income ( assumes fully leased) - $1,538,000+GST
The property has been divided up into multiple air conditioned tenancy areas - uses include, retail, trade showrooms , entertainment, fitness and office uses.
Multiple Male and Female amenities are located on each level.
A loading dock on the northern side of the property provides excellent loading / unloading facilities.
The property is located close the new Waterloo Metro, has buses at the door and is a short walk to Green Square train station.
Redfern Station and South Eveleigh are approximately 1 kilometre to the north of the property.
Development Potential:
According to the Valuer General the property has the following attributes:
New planning controls introduced on the 11th November 2022 provide for the following:
- A Maximum FSR of 4.5:1
- Maximum Height Limit of 35 Metres
- Developable Gross Floor Area- 8876 sqm
This is an excellent opportunity to purchase a landmark building in prime position with massive development potential.
The property is to be sold via Expressions of Interest with offers closing at 5pm on Thursday the 3rd July 2025 ( if not sold prior)
Property Code: 652
