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2 Commercial buildings for sale in Surry Hills- Earn great rental returns or redevelop and Profit $$ -- Offers over $A18.5 Million for both buildings

Posted : Monday 29th of August 2016

Property Type : House

Street No : 1

Street Name : 1

Location : SYDNEY-NSW-2000 (NSW - Sydney)

Price : $18500000.00

Bedrooms : 4 or more

Unit / Flat : oxford

  1. Building 1, Surry Hills Price: $ 10,100,000

    1. High rental return

    2. development of Terrace house to alt. 7 storeys

    3. 2 more storeys to be built on existing 5 storey building

  2. Building 2, Surry Hills Price: $ 8,400,000

    E. like offer 1 plus rent
    F. plus 2 more storeys to be built on existing 5 storey building

    Summary:
    Potential; develop Terrace house + building up two storeys

    7 storeys are possible without problem on the DA, but this might also be 9-10 storeys with and amended DA

Alternatively restructuring into (Zoning is commercial/residential)

28 apartments (building 1) 14 apartments (building 2) 28 apartments (building 2)

Call Sam Girgis- Strata Realestate - 0404112461 for a confidential chat

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