Sold
75 Parraween Street, Cremorne, NSW, 2090
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1. Property Summary
Land Area
303.80 m² (*approx)
Selling Method
SOLD: SOLD
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2. Property Highlights
FULLY-LEASED MIXED USE FREEHOLD WITH UPSIDE
- FULLY LEASED TO DIVERSE TENANTS
- MULTIPLE VALUE-ADD PROPOSITIONS
- MIXED USE ZONING + 16m HEIGHT LIMIT
Colliers, in conjunction with Croll Real Estate, are pleased to exclusively present 75 Parraween Street (otherwise known as 372 Military Road), a two-storey freehold investment consisting of three retail suites and two generous 3-bedroom apartments prominently positioned in a coveted Lower North Shore location
Key Highlights:
+ Favourable B4 Mixed Use zoning + 16m height limit
+ Excellent Military Road exposure; prime 9.2m dual frontages
+ Fully leased to 5 long-standing tenants
+ Diverse tenancy mix and staggered lease expiries will minimise risk
+ Multiple value-add propositions including credible rental reversion
+ Surrounded by an abundance of amenity and public car parking
For Sale via Public Auction
+ When: Thursday 17 June 2021, commencing 10:30am (AEST)
+ Where: Cooley Auction Rooms, Dexus Place, Level 5 / 1 Margaret Street, Sydney
For further information and/or to arrange a private inspection, please contact the exclusive listing agents.
Remember to mention you found this property on DevelopmentReady
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Development Potential
Development Potential
1. Property Summary
Land Area
303.80 m² (*approx)
Selling method
SOLD: SOLD
2. Property Highlights
FULLY-LEASED MIXED USE FREEHOLD WITH UPSIDE
- FULLY LEASED TO DIVERSE TENANTS
- MULTIPLE VALUE-ADD PROPOSITIONS
- MIXED USE ZONING + 16m HEIGHT LIMIT
Colliers, in conjunction with Croll Real Estate, are pleased to exclusively present 75 Parraween Street (otherwise known as 372 Military Road), a two-storey freehold investment consisting of three retail suites and two generous 3-bedroom apartments prominently positioned in a coveted Lower North Shore location
Key Highlights:
+ Favourable B4 Mixed Use zoning + 16m height limit
+ Excellent Military Road exposure; prime 9.2m dual frontages
+ Fully leased to 5 long-standing tenants
+ Diverse tenancy mix and staggered lease expiries will minimise risk
+ Multiple value-add propositions including credible rental reversion
+ Surrounded by an abundance of amenity and public car parking
For Sale via Public Auction
+ When: Thursday 17 June 2021, commencing 10:30am (AEST)
+ Where: Cooley Auction Rooms, Dexus Place, Level 5 / 1 Margaret Street, Sydney
For further information and/or to arrange a private inspection, please contact the exclusive listing agents.
Remember to mention you found this property on DevelopmentReady
Read More
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