Desirable City-fringe Investment With Value Add Potential

Address

16+17/190-192 Victoria Street, Potts Point
NSW

Area

161 m²

Details

Lots 16 & 17/190-192 Victoria Street Potts Point are positioned on the ground floor of well-maintained mixed-use building. Lot 16 is immaculately presented, having undergone a major ground-up renovation and conversion into a self-service Laundromat 3 years ago. Lot 17 is a large open plan blank canvas space ready for an astute investor or owner occupier to capitalise on its size and flexibility.

Lot 16 has a modern and minimalistic feel, with polished concrete floors and slatted wall panelling, which gives a warmth and tactility to the contemporary concrete interior. The current tenant Laundrlab is an essential service trading throughout lockdowns and has forged a recognisable name in the local area. The business has become an integral part of the Potts Point fabric servicing the Potts Point locale.

Lot 17 is a large open plan space located at the rear of the building. The opportunities to create a strong business within the space are endless as it lends itself to many businesses, from retailers, cafes/restaurants and offices. The space also has Victoria Street access and a 5+ metre frontage on Earl Street.

Whether you are an investor or looking to purchase in your self-managed super fund or and owner occupier looking for safe income and space to run your business this investment offers endless opportunity.

Located amongst the richness and diversity of Potts Point, a suburb with a renowned hospitality precinct and lifestyle flair. Potts Point truly encapsulates Sydney inner city living. The densely populated district has continued to grow over recent years due to its regentrification and upmarket, international feel. The suburb is well-connected and sits just East of the Sydney CBD. Public transport is easily accessible via the train and bus network, and Sydney's Eastern suburbs is a short drive away.


Investment features include:

+ Lot 16 is 42m2 fully leased investment till 2024
+ Lot 17 is vacant 119m2 space with endless potential
+ Favourable 4% annual increases
+ High quality refurbishment.
+ Strong location in the heart of Victoria Street

For further details or to arrange an inspection, please contact the below agent.

Nik Simonovic: 0415 447 275

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