122a Avoca Street, Randwick, NSW 2031
Land/Development
|Retail
|Showrooms/Bulky Goods
Contact Agent
Published on: 22 Oct 2024
Last updated on: 27 Oct 2024
Property ID: 504718748
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Key property information
Land Size
1,081.00 m2
Zoning
E2 Commercial Centre
Floor Area
1,081.00 m2
Eastern Suburbs Development Opportunity with Holding Income
122a Avoca Street, Randwick, NSW 2031
Stonebridge are pleased to present for sale, 122a Avoca Street, Randwick, an oversized 3-storey building tenanted by Telstra, that offers existing improvements with impressive scale that exceed current planning controls. Secure holding income is on offer via a short-term, landlord-favourable, triple net lease structure. The asset has the following key investment features: + Vibrant Eastern Suburbs locale in close proximity to UNSW and Prince of Wales Hospital + Generous 1,081sqm* freehold site along Randwick’s prominent retail strip + Large existing structure with unobstructed city and ocean views from rooftop + Capitalise on scale beyond current height and FSR controls^ + Secure short-term holding income from blue-chip tenant via a 3-year secure leaseback + Convenient public transport with regular light rail and buses 122a Avoca Street, Randwick is for sale via Expressions of Interest closing Wednesday 20th November 2024 at 4pm (AEDT). For further information, or to arrange an inspection, please contact the exclusive selling agents. * Approximate ^STCA
Property Details
Basic Info
Basic Info
Property Type
Land/DevelopmentRetailShowrooms/Bulky Goods
Listing Status
On Market
Land Size
1,081.00 m2
Address
122a Avoca Street, Randwick, NSW 2031
Lincoln Blackledge
Spero Xenos
Contact Agent
Email enquiry to Stonebridge Property Group - Sydney
Lincoln Blackledge
Spero Xenos
Level 7, 14 Martin Place, Sydney, NSW 2000
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Property ID: 504718748
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