194-196 Victoria Street, Potts Point NSW 2011

BY APPOINTMENT - CONTACT Trish 0404893883

Please view our sale website https://www.194196victoriastreet.com.au/

This is a 273sqm* land area and 453sqm floor area, freehold building, mixed-use property with development upside in the heart of tightly held prestige street and suburb – Victoria St, Potts Point. Close to cafes, eateries, amenities, and a few doors down from Kings Cross Train Station.
This property represents an extremely rare opportunity for purchasers seeking mixed-use re-development opportunities in Potts Point or those looking for a grand residential property with wide frontage and wide back access for car parking.
Property highlights:
• A large footprint / land area of 273sqm * (subject to survey) and floor area $453 sqm
• Current site: Ground floor retail 227sqm, Level-one 113sqm and Level-two 113 sqm, and 4 car spaces
• Tenanted investments: $346,920 per annum , over 4.5% return ($18k gst included)
• Frontage and rear lane access 11m wide
• Convenient rear lane access via Earl Street
• FSR of 1.5:1
• B4 Mixed Use Zoning
• 12m height limit
•. Neighbouring development demonstrates precedent of 16 units over 6 levels
• Limited mixed-use development opportunities in Potts Point
• An opportunity to capitalise an underutilised GFA
• Situated within one of Sydney's tightly held prestige suburbs – Potts Point
• Opportunity to profit on strengthening residential boom
*approx.
* agent's interest