Secure Income-producing Surry Hills Investment
Address
Level 1/63 Foveaux Street, Surry Hills
NSW
Area
321.00 m²
Details
Mercer Property is proud to present Level 1, 63 Foveaux Street, Surry Hills, a rare and tightly held commercial investment offered to the market for sale via Private Treaty.
Zoned MU1 (Mixed Use) and positioned in the heart of one of Sydneys most dynamic and sought-after city-fringe precincts, this exceptional offering presents buyers with a unique opportunity to secure a premium, income-producing asset in a location that rarely sees turnover.
Leased to Chalk & Behrendt Lawyers & Consultants, an established legal practice with 25 years of history in Surry Hills, the property benefits from a quality long-standing tenant and the certainty of recurring income from day one.
Spanning approximately 321 sqm* of internal space complemented by one secure car space, the tenancy is impeccably fitted out and purpose-configured for commercial office use, requiring no further capital expenditure.
With strong underlying fundamentals, a proven tenant covenant, and the enduring appeal of the Surry Hills market, this asset presents a compelling proposition for both astute investors and future owner-occupiers alike.
Key property highlights include:
- Secure 5-year lease to 2029, with two further 5-year options
- 321 sqm* of net lettable area across an entire floor
- Net rental income of $223,372.56 per annum + GST
- MU1 Mixed Use zoning offering flexibility for a range of commercial and residential uses (STCA)
- Polished timber flooring, high ceilings and abundant natural light throughout
- Fully air-conditioned with kitchenette and modern accessible bathroom amenities
-One secure car space
- 200m* to Central Station and 1km* to the Sydney CBD
A comprehensive Information Memorandum & Sale Contract can be made available through the exclusive agents;
Agents:
Tom Schultz
Dillon Frain
Zoned MU1 (Mixed Use) and positioned in the heart of one of Sydneys most dynamic and sought-after city-fringe precincts, this exceptional offering presents buyers with a unique opportunity to secure a premium, income-producing asset in a location that rarely sees turnover.
Leased to Chalk & Behrendt Lawyers & Consultants, an established legal practice with 25 years of history in Surry Hills, the property benefits from a quality long-standing tenant and the certainty of recurring income from day one.
Spanning approximately 321 sqm* of internal space complemented by one secure car space, the tenancy is impeccably fitted out and purpose-configured for commercial office use, requiring no further capital expenditure.
With strong underlying fundamentals, a proven tenant covenant, and the enduring appeal of the Surry Hills market, this asset presents a compelling proposition for both astute investors and future owner-occupiers alike.
Key property highlights include:
- Secure 5-year lease to 2029, with two further 5-year options
- 321 sqm* of net lettable area across an entire floor
- Net rental income of $223,372.56 per annum + GST
- MU1 Mixed Use zoning offering flexibility for a range of commercial and residential uses (STCA)
- Polished timber flooring, high ceilings and abundant natural light throughout
- Fully air-conditioned with kitchenette and modern accessible bathroom amenities
-One secure car space
- 200m* to Central Station and 1km* to the Sydney CBD
A comprehensive Information Memorandum & Sale Contract can be made available through the exclusive agents;
Agents:
Tom Schultz
Dillon Frain
