Premium Corner Freehold With Development Upside
Address
148 Foveaux Street, Surry Hills
NSW
Area
467.40 m²
Details
Mercer Property, together with McGrath, is pleased to present 148 Foveaux Street, Surry Hills to the market for sale via Expressions of Interest.
Positioned in one of Sydneys most vibrant city fringe precincts, this iconic warehouse-style commercial building represents an exceptional opportunity for astute purchasers. With generous planning controls and a substantial landholding, the property offers the versatility to transform into a premium mixed-use development, luxury inner-city residence, or a distinctive showroom-office.
With a Floor Space Ratio (FSR) of 2.5:1 and a height limit of 15 metres, the site permits a potential Gross Floor Area (GFA) of approximately 937.5 sqm*, (STCA). These favourable planning parameters provide outstanding scope for development uplift, making it a compelling opportunity to own and occupy, invest for long-term growth, or redevelop entirely. Properties that combine this level of zoning flexibility, corner prominence, and value-add potential are increasingly rare in the market.
Key Highlights:
- Zoning: MU1 - Mixed Use
- FSR: 2.5:1
- Potential GFA: 937.5 sqm* (STCA)
- Land Area: 375 sqm*
- Existing GFA: 467.4 sqm*
- Holding Income: Leased ground floor to McGrath Estate Agents
- Prime Corner Position: Dual Street frontage to Foveaux & Fitzroy Streets
- Character Appeal: Retains original warehouse features
- Parking: 8 car spaces in tandem configuration
- Premier Location: Steps to Crown Street and moments from Central Station
- Co-agent: Henry Burke - McGrath
*Approximate
148 Foveaux Street, Surry Hills is being offered for sale via Expressions of Interest, closing Thursday 10 July 2025 at 3:00pm (AEST).
For access to the Information Memorandum and Contract of Sale, please contact the exclusive selling agents.
Positioned in one of Sydneys most vibrant city fringe precincts, this iconic warehouse-style commercial building represents an exceptional opportunity for astute purchasers. With generous planning controls and a substantial landholding, the property offers the versatility to transform into a premium mixed-use development, luxury inner-city residence, or a distinctive showroom-office.
With a Floor Space Ratio (FSR) of 2.5:1 and a height limit of 15 metres, the site permits a potential Gross Floor Area (GFA) of approximately 937.5 sqm*, (STCA). These favourable planning parameters provide outstanding scope for development uplift, making it a compelling opportunity to own and occupy, invest for long-term growth, or redevelop entirely. Properties that combine this level of zoning flexibility, corner prominence, and value-add potential are increasingly rare in the market.
Key Highlights:
- Zoning: MU1 - Mixed Use
- FSR: 2.5:1
- Potential GFA: 937.5 sqm* (STCA)
- Land Area: 375 sqm*
- Existing GFA: 467.4 sqm*
- Holding Income: Leased ground floor to McGrath Estate Agents
- Prime Corner Position: Dual Street frontage to Foveaux & Fitzroy Streets
- Character Appeal: Retains original warehouse features
- Parking: 8 car spaces in tandem configuration
- Premier Location: Steps to Crown Street and moments from Central Station
- Co-agent: Henry Burke - McGrath
*Approximate
148 Foveaux Street, Surry Hills is being offered for sale via Expressions of Interest, closing Thursday 10 July 2025 at 3:00pm (AEST).
For access to the Information Memorandum and Contract of Sale, please contact the exclusive selling agents.
