ONE OF MOSMAN’S LARGEST FREESTANDING BUILDINGS WITH HUGE DEVELOPMENT UPSIDE
I.B Property is pleased to present 623-625 Military Rd, Mosman - Sheridan, a rare offering boasting 491sqm* of land and a total net lettable area of 410sqm*. Currently leased to the prestigious national tenant Sheridan, this freestanding freehold property features a commercial office on level one with tall ceilings and abundant natural light, alongside a massive rear garden.
With favourable zoning (E1 Local Centre) and development controls (FSR: 2.5:1, Height limit: 15m), the property presents a prominent value-add proposition, as it is under-rented with significant rental upside. Generating a gross income of $486,000 per annum*, it is strategically located among Sydney’s most esteemed boutique retailers, offering a diverse income stream and favourable annual rent increases. Positioned in the heart of Mosman, the property presents an exceptional opportunity for investors to increase rents, reposition the asset, and capitalize on its prime location amidst a coveted retail landscape.
Key Highlights:
• Rare 491*sqm of Land
• NLA 410sqm*
• Leased to National Tenant – Sheridan
• Favourable zoning – E1 Local centre
• Commercial office on level one with tall ceilings and drenched in natural light.
• Favourable development controls FSR: 2.5:1 and 15m Height limit
• Gross Income of $486,000 per annum*
• Fully leased investment opportunity with diversified income streams
• Located amongst Sydney’s most regarded boutique retailers and situated in the heart of Mosman.
Be apart of Sydney’s most regarded retailers such as; Sheridan, Rationale, Academy Brand, Von Troska, Aesop, Lily & Mitchell, Cultiver, Camilla, Venroy, Fox & Dove, Curve Boutique, Camilla and Marc, Ecco, Moya, Bianca Spender, Pond, Carla Zampatti, Mode Sportif, Style Runner, Bed Bath N Table, Seed, Kidstuff, Witchery, Bec + Bridge, Mecca Cosmetica and Sportscraft.
623-625 Military Road, Mosman will be for sale via Public Auction on Thursday, 16th of May 2024 at 10:30am.
For more information or to book an inspection, contact the exclusive agents Steffan Ippolito 0403 347 111 and Dimitrios Franze 0406 558 855.
Remember to mention you found this property on DevelopmentReady
