CBRE are excited to present 200 Grote Street to market for our valued client Beaumont Tiles, who are looking to sell out of the site following a long, successful history of trade. The property is presented with a 3-year leaseback in place allowing developers and occupiers a clear path forward with the site.
The site boasts an impressive 1,130sqm* showroom that backs onto a 184sqm* warehouse used for valuable storage, creating a total lettable area of 1,365sqm*. This space is sat on a prominent land holding of 1,519sqm* on one of the CBD’s busiest roads. 200 Grote Street is positioned in the desirable Capital City zoning with a 53m prescribed height limit, giving an incoming purchaser almost endless future development opportunities.
The key asset highlights include:
- 1,519sqm* prime CBD site
- Functional showroom/warehouse space of 1,365sqm*
- Capital City zoning allowing up to 53m of development
- Valuable 3-street frontage totalling 129m*
- Just a short walk from world class F&B options and Chinatown
- Sold with short term holding income of $275,000
For Sale via Expressions of Interest closing the 21st of March 2024 at 4:00pm
For more information contact the sole marketing agents from CBRE:
Ned Looker: +61 448 689 573
Rhyce Scott: +61 422 960 585
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