Colliers, in conjunction with IB Property are pleased to present to the market for sale 40A-42 Maddox Street, Alexandria, offering a unique opportunity to secure this freestanding building within the heart of Alexandria. The property is highly functional with immense character, currently utilised as an art gallery/film studio.
The property is offered with vacant possession or subject to a monthly lease, allowing for immediate occupation.
Key Property Highlights:
- Beautifully renovated 2,480m² heritage listed industrial/office workspace
- Short-term holding income of $701,000 ($286.66/m²) per annum + Outgoings
- Assessed net market income of $1,420,000 ($572.58/m²) per annum, providing significant uplift from current levels
- Land rich opportunity of 5,615m² with the ability to occupy in July 2024
- Extremely scarce abundance of car parking with 60 + spaces on-site
- Prime Northern Alexandria location beaming with new development
- Excellent access provided via three separate streets
- Highly flexible E3 Productivity Support zoning offering significant value-add and development potential with a 1.5:1 FSR and 18 metre height limit
- Strategically located within close proximity to Green Square train station, Sydney Airport, Port Botany and the Sydney CBD
All figures are approximate.
40A-42 Maddox Street, Alexandria is offered for sale via an Expressions of Interest (EOI) campaign closing at 3:00pm (AEST) Wednesday, 19th June 2024.
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