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EXCEPTIONAL INVESTMENT OPPORTUNITY WITH FUTURE DEVELOPMEN...

27-29 Knox Street, DOUBLE BAY NSW, 2028

Sold

Property Sold in 27-29 Knox Street, DOUBLE BAY NSW, 2028

CBRE North Sydney

Suite 1401, Level 14 100 Pacific Highway, North Sydney, NSW 2060

Listing ID:
11363035
Status:
Sold
Price:
Please Contact Agent
Last Updated:
05/11/2019
Icon building

Property Type

Land/Development
Icon square

Land Area

230 SQM
Icon size

Floor Area

230 SQM
Icon parking

Parking

N/A

EXCEPTIONAL INVESTMENT OPPORTUNITY WITH FUTURE DEVELOPMENT POTENTIAL

CBER & BadgerFox exclusively offer 27-29 Knox Street, Double Bay by way of Public Auction on Thursday 31 October 20109 at 10:30AM. Described perfectly as a "Trophy Asset", this substantial freehold building is a rare opportunity to acquire one of Double Bay most significant buildings. Situated in one of Double Bay's most renowned streets, this exceptional investment opportunity is located in Sydney's most prestigious harbour side village.

Housing the newly located ANZ bank, 27-29 Knox Street, Double Bay is an exceptional investment opportunity with the benefit of a professional established tenant with future development potential.

Situated between Sportscraft and Double Bay's famous Twenty-One Espresso and directly opposite the Cosmopolitan Centre. The asset is a single tenancy within a recently renovated and state of the art ANZ Bank.

Features of the asset include:
- Blue chip freehold investment property in the heart of the Double Bay village with development potential;
- High ceilings and extensive glass frontage to Knox Street;
- Rear street access to Knox Lane;
- Wide façade with opportunity for branding opportunity and exposure;
- Estimated net income of $199,217* per annum;
- Long term lease in place with an allocated rent review date in mid-2020;
- Total lettable area 230sqm*;
- Land 230sqm*;
- Flexible B2 local centre zoning;
- Potential development upside (STCA);
- FSR of 2.5:1 and 14.7 metre height limit; and
- Rare opportunity to acquire a low maintenance, passive investment located in one of Australia's most notable suburbs.

27-29 Knox Street set to be offered for Sale via Public Auction by Damian Cooley on Thursday, 31 October 2019 at 10:30AM (AEDT) at:

Cooley CBD
Level 5, 1 Margaret Street
Sydney NSW 2000

For all inspections and further information, please contact:

CBRE

Peter Krieg
0412 822 144
peter.krieg@cbre.com.au

Tao Shi
0421 218 031
tao.shi@cbre.com.au

BadgerFox

Alexander George
0415 699 340
alexander@badgerfox.com.au

Peter Leipnik
0402 566 607
peter@badgerfox.com.au

*Approximate and based on information provided by the Vendor

For more details, please email agent

CBRE North Sydney

Suite 1401, Level 14 100 Pacific Highway, North Sydney, NSW 2060


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