Knight Frank and Adam Charles as the joint exclusive selling agent is excited to present for sale 179 Cleveland Street, Redfern; a trophy Sydney CBD fringe investment opportunity.
Operating as the Hacienda Hotel, 179 Cleveland Street presents a rare opportunity to secure a high-profile commercial investment with multiple value-add opportunities.
Investment Highlights:
- Trophy CBD fringe freehold investment
- 63 x studios plus 1 x 2 bedroom apartment
- $1,352,000 p.a. net income (FY24) with scope to increase
- c.1,800 sqm* commercial freehold
- 12 basement car parking spaces
- 350m* to Redfern train station and 900m* to Central station
- Building has recently been renovated throughout
- Multiple opportunities to add value.
- Ideal corner land holding in a high exposure location.
- Selling at replacement cost!
179 Cleveland Street, Redfern is being offered for sale via Expressions of Interest closing on Thursday, 19 September 2024 at 4:00pm (AEST).
For more information or to arrange an inspection please contact the exclusive selling agents.
Remember to mention you found this property on DevelopmentReady
Knight Frank and Adam Charles as the joint exclusive selling agent is excited to present for sale 179 Cleveland Street, Redfern; a trophy Sydney CBD fringe investment opportunity.
Operating as the Hacienda Hotel, 179 Cleveland Street presents a rare opportunity to secure a high-profile commercial investment with multiple value-add opportunities.
Investment Highlights:
- Trophy CBD fringe freehold investment
- 63 x studios plus 1 x 2 bedroom apartment
- $1,352,000 p.a. net income (FY24) with scope to increase
- c.1,800 sqm* commercial freehold
- 12 basement car parking spaces
- 350m* to Redfern train station and 900m* to Central station
- Building has recently been renovated throughout
- Multiple opportunities to add value.
- Ideal corner land holding in a high exposure location.
- Selling at replacement cost!
179 Cleveland Street, Redfern is being offered for sale via Expressions of Interest closing on Thursday, 19 September 2024 at 4:00pm (AEST).
For more information or to arrange an inspection please contact the exclusive selling agents.
Remember to mention you found this property on DevelopmentReady