45-47 Moncur Street, Woollahra is a once-in-a-generation opportunity to secure a trophy freehold asset in the heart of Sydney's prestigious Woollahra Village. Offered for the first time in over 65 years, this exceptional property sits on a 223sqm* landholding with a 198.8sqm* building area, delivering immediate rental income with significant future potential.
Key Features:
• Unmatched Location: Situated steps from Queen Street's high-end boutiques, cafes, and restaurants, with prominent neighbors like Chargrill Charlie's, Victor Churchill, and Queen Street Deli.
• Zoning: R2 Low-Density Residential zoning with existing commercial use rights.
• Current Income: Passing rent of $153,840* annually, with potential for significant rental uplift.
• Prime Exposure: Excellent street frontage on Moncur Street, ensuring high visibility and foot traffic.
Development Potential:
• Mixed-Use Appeal: Various indicative plans showcase opportunities for shops, offices, cafes, or restaurants (STCA), with options for a residential component.
• Enhanced Usability: Retaining existing structures reduces upfront capital investment, appealing to owner-occupiers and investors alike.
• Common Courtyard: Ideal for shared access and services, with potential for enhancement.
Flexible Tenancy Options: The property offers a range of configurations, including:
Option 1: Four commercial tenancies.
Option 2: Two commercial tenancies and a residential apartment (92.5sqm*).
Option 3: Two larger commercial tenancies.
This property is ideal for investors seeking a low-maintenance, high-yielding asset or owner-occupiers looking to secure a blue-chip position in one of Sydney's most exclusive and tightly held markets.
Don't Miss Out
Contact us today to explore this rare offering and discuss how it could align with your portfolio goals.
*Approximate. All development is subject to council approval (STCA)
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