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Ground Floor/2/48 Macleay Street
Potts Point NSW 2011
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Mercer Property

Ground Floor/2/48 Macleay Street Potts Point NSW 2011

  • Offices
  • 224 m²
  • Commercial Auction

Prestigious Potts Point Investment with Long Term Medical Tenant

  • Tightly held strata investment
  • Established medical tenant
  • Corner location in heart of Potts Point

A premium opportunity has arisen for Mercer Property to bring Unit 2/1 Greenknowe Avenue (also known as 48 Macleay Street), Potts Point to market via public Auction.

On the ground floor of the stately Kingsclere building, upon one of the busiest intersections of Potts Point, this heritage strata suite benefits from high foot traffic and a prominent position in a dynamic inner Sydney neighbourhood.

Potts Point is in its prime, establishing itself as a favourite city fringe neighbourhood popular with both long-term locals and regular visitors. It's a hub of cosmopolitan culture where bustling cafes, popular restaurants, busy boutiques and weekend farmers' markets exist alongside a thriving residential community.

For more than 60 years, Unit 2/1 Greenknowe Avenue has been occupied by a medical practice. Currently leased to Macleay Street Medical Practice, the well-frequented clinic is operated by a dedicated collective of trusted health professionals including four general practitioners, a psychologist, a registered nurse and pathology services.

Kingsclere features a charming red brick facade, reminiscent of an Art Deco New York apartment building. Designed by architects Halligan & Wilton and built in 1912, the historic site is heralded as the original "high rise" residential building in Sydney and the first constructed in the Federation Free Style popularised in the United States but rarely seen in Australia.

Key features include;

- Strata titled suite with 224sqm of internal space
- Established tenant with a long history as a medical practice
- Long lease expiring in November 2027
- Net annual income of about $212,788.13 + GST
- Corner location on one of Potts Point's busiest intersections
- Surrounded by prominent eateries
- 500m from Kings Cross Station
- Tightly held investment in a landmark Art Deco building

Auction details:
The auction will be held on Tuesday, April 30, 2024, at 10.30am (AEDT).
Conducted by Auction Works, the auction will be held on the mezzanine level, 50 Margaret Street, Sydney.

Inspections:
By appointment only

To discover more about this iconic listing, or to arrange a time to inspect the property, please reach out to the Mercer Property team for more information.

Auction date and time30/04/2024 10:30
Auction locationGround Floor/2/48 Macleay Street, Potts Point NSW

Property Highlights

Floor Area224 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019153679
Category
Last updated  8 Apr 2024
Map for Ground Floor/2/48 Macleay Street Potts Point NSW 2011

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Property Highlights

Floor Area224 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019153679
Category
Last updated  8 Apr 2024
Lawson Place Suite 417,167 Phillip St Sydney NSW 2000

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Commercial Auction
ground floor/2/48 macleay street,potts point, NSW 2011
224 m²
Offices

Property FAQs

The agent has not listed a sale price for Ground Floor/2/48 Macleay Street Potts Point NSW 2011. Contact the agent for a price guide.
The floor area for Ground Floor/2/48 Macleay Street Potts Point NSW 2011 is 224 m².
There is no on-site parking availability specified for Ground Floor/2/48 Macleay Street Potts Point NSW 2011. For more information about parking, contact the agent.
Ground Floor/2/48 Macleay Street Potts Point NSW 2011 is currently tenanted.
The property highlights for Ground Floor/2/48 Macleay Street Potts Point NSW 2011 are 'Tightly held strata investment', 'Established medical tenant' and 'Corner location in heart of Potts Point'.
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