402 New South Head Road Double Bay NSW 2028
- 720 m²
- Commercial Auction
Trophy Freehold Arcade | Elbon Arcade | Double Bay
- Total Gross Building Area: 720m²*
- Net Income of $385,000 per annum*
- 10 Tenancies Retail/Commercial
Capturing huge exposure to the Eastern Suburbs main artery to the CBD, Elbon Arcade strategically serves as a busy retail link to both New South Head Road and cosmopolitan Cross Street.
Presented to the market for sale for the first time in almost 40 years this trophy freehold is offered fully leased over 3 levels to a mix of 10 retail and commercial tenancies with a net income of $385,000 per annum*.
Elbon Arcade, 402 New South Head Road, provides an exceptional opportunity to Investors, Developers and Value-Add Specialists to capitalise on this trophy position underpinned by multiple and diverse income streams ready to refurbish/redevelop and reposition.
Elbon Arcade key sale attributes:
Capitalise on one of Double Bays busiest thoroughfares
Diverse and Multiple income streams
10 Tenancies Retail/Commercial
Net Income of $385,000 per annum*
Land Area: 256.4m²*
Flexible B2 Local Centre Zoning
Height limit: 14.7 metres
Refurbish, Redevelop and Reposition.
Elbon Arcade will be offered for sale by way of Public Auction on Thursday, 17 October 2019.
For further details, please contact Matt Pontey, Miron Solomons or Nick Lumley of Colliers International.
10:30am, Thursday, 17 October 2019
Cooley Auction Room CBD
Dexus Place, Level 5, One Margaret Street, Sydney
|Auction date and time||17/10/2019 10:30|
|Auction location||Cooley CBD Auction Centre, Level 5, Dexus Place, One Margaret Street, Sydney|
|Floor Area||720 m²|
|Land Area||256 m²|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||17 Sep 2019|