IB. Property is delighted to present 33-39 Riley Street, Woolloomooloo, a tenanted two storey commercial freehold building with exceptional development potential (STCA).

Set on a land area of 674sqm*, the property features a total building area of 652sqm* across two floors. The property is zoned MU1 Mixed Use, with a 2:1 FSR and a 12m height limit, offering substantial development upside (STCA).

The building is well-appointed, featuring large boardrooms, executive offices, open-plan workspaces, a private kitchen, male and female bathrooms, multiple breakout areas, and ducted air-conditioning throughout. Flooded with natural light, the space offers a bright, welcoming atmosphere. The property also includes 10 dedicated car spaces with rear lane access via Busby Lane.

Key Highlights:

- Partially leased with the opportunity to occupy Level 1 while the ground floor remains leased

- Includes large boardrooms, head offices, open-plan workspaces, private kitchen, male/female bathrooms, and multiple breakout areas

- Flooded with natural light, creating a bright and inviting atmosphere

- Ducted air-conditioning throughout for optimum comfort

- Secure intercom access ensures a safe and controlled environment

- Up to 10 dedicated car spaces with rear lane access via Busby Lane

- Total building area of 652sqm* across two 326sqm* floor plates

- Land area of 674sqm*

- Favourable planning controls: MU1 Mixed Use zoning, FSR 2:1, and 12m height limit

Positioned just 800m from Kings Cross and Museum Stations, 300m from Hyde Park and the Finger Wharf dining precinct, the location provides outstanding access to public transport, amenities, and some of Sydney's finest cafes and restaurants, including Flour & Stone, Slims Rooftop, East Sydney Hotel, and Vizio Caffè e Cucina.

This is a rare opportunity to acquire a premium asset in a tightly held City Fringe location, offering immediate rental income and significant future growth potential.

Remember to mention you found this property on DevelopmentReady