Ray White Commercial Eastern Suburbs is proud to present for Auction Sale 31-33 Knox Street, Double Bay.
Situated in Sydney's most prestigious harbor side village, this exceptional investment opportunity has the benefit of two long established quality tenants, and future development potential.
Nestled between the Savoy Hotel and newly located ANZ Bank, and directly opposite the Cosmopolitan Centre, key features of this trophy asset include:
• Iconic fashion label Sportscraft at ground level (Approx 238 sqm)
• Sportscraft recently renovated throughout, featuring high volume ceilings and extensive glass frontage to Knox Street
• Additional rear street shopfront to popular Knox Lane
• Whole first floor executive office accommodation occupied by Ken Jacobs Christie's International Real Estate (Approx 248 sqm)
• Impressive modern double storey plate glass & concrete facade provides incredible exposure and branding opportunities for tenancies
• Net passing income of approximately $435,000 per annum
• Long term leases with structured rental growth
• Total lettable area approx. 486 sqm
• Land approx. 297 sqm, flexible B2 local centre zoning
• Potential development upside (STCA), FSR of 2.5:1 and 14.7 m height limit
• Low maintenance, passive investment ideal for self-managed superfunds
Surrounded by the best that the Eastern Suburbs has to offer, 31-33 Knox Street is to be offered for sale by Public Auction on Thursday 29 November at 6:30pm, Ray White Double Bay Auction Rooms, 356-366 New South Head Road, Double Bay.
For all inspections and further information please contact Grant Whiteman on 0418 244 566