Architecturally Designed Freehold Investment With 5 Year Wale

Address

532 Riley Street, Surry Hills
NSW

Area

760 m²

Details

Mercer Property together with I.B Property are proud to present to the market for sale 532 Riley Street, Surry Hills.

Meticulously crafted by the award-winning Byron Bay based, Those Architects, and a finalist in this years Australian Interior design awards for best workplace, 532 Riley Street in Surry Hills has been re developed and converted into a highly functional, inspiring creative office & showroom space. This fantastic property offers purchasers the opportunity to acquire a well-leased freehold investment in one of Sydney's most tightly held city fringe destinations. The property is perfectly positioned for investors seeking a unique investment set within the epicentre of Sydney's fashionable digital and tech landscape. The property provides the perfect platform for investors seeking a world-class urban premises with exceptional design pedigree and state-of-the-art facilities.

Leased to International Fashion Retailer A.J.E, the property is an architectural masterpiece, consisting of multiple work-zones. Holding a striking facade with three street frontages and prominent entry via the converted Riley Street walkway, this remarkable building enjoys relaxed winter garden and terrace areas and a light-filled atrium that provides seamless connectivity between two stunning levels. Adorned with designer interiors across an impressive 760sqm of space, it makes for an exceptionally stylish HQ.

With almost $2,000,000 in total available depreciation and $124,323 in the first year of ownership along with compounding 4% rental increases for the life of the lease, this asset is a superb investment.

Zoned as B4 mixed use, it allows for commercial, retail and residential uses (STCA) and offers outstanding potential as a flagship trophy investment.

Positioned less than 200m from the suburb defining Surry Hills Village which will add:

- 122 high end apartments
- 102 room boutique hotel
- 12,000sqm of retail and commercial
- New 517sqm public park

For further information or an IM, please contact the exclusive agents:

Tom Speakman
0412 891 330
Mercer Property

Shane Blackett
0410 093 392
I.B Property

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