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40A-42 Maddox Street, Alexandria, NSW 2015
Alexandria
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.
Remember to mention you found this property on DevelopmentReady
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.
Remember to mention you found this property on DevelopmentReady
