Colliers are pleased to present For Sale 12 Rothesay Avenue, a 4-storey commercial building ideally positioned on the transformative waterfront of Shepherds Bay at Ryde. Underpinned by a triple net lease and favourable underlying planning controls, the opportunity will undoubtedly appeal to an array of land banking investors or developers looking to enhance their development pipeline.
Key Highlights:
+ Strong holding income with triple net lease to BIC Services (in occupation for 20+ years)
+ Favourable underlying planning controls with flexible B4 Mixed Use Zoning, 2:1 FSR and a 15.5m Height Limit
+ Regularly shaped parcel of land with an existing underground carpark to assist with buildability
+ Potential value-add opportunities include: Residential development/conversion, floor creation, lift and solar panel installations
+ Central Sydney location with excellent transport connectivity; within 500m of Trains, Buses and Ferries
For Sale via Public Auction
When: Thursday 17 November 2022 commencing 10:30am (AEDT)
Where: Dexus Place | Cooley Auction Rooms | Level 5, 1 Margaret Street, Sydney
For further information and/or to arrange a private inspection, please contact the exclusive listing agents.
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