176-176a Victoria Road,
Potts Point, NSW 2011

Development Sites & Land • Hotel, Motel & Leisure • Shops & Retail

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Rare Development Site - First Time Offered In 45 Years - Guaranteed Income Whilst Plans Approved

One of the few remaining development opportunities in Potts Point, this prominent 285sqm site has previous approval for a five-level building encompassing nine apartments and a lower-level restaurant (plans available for viewing). Offered for the first in 45 years, it enjoys a prime location near iconic restaurants such as Jimmy Liks, Soho Bar and Ms G.
• Current established restaurant tenancy
• Guaranteed income
• Rental yield of approx. $170,000 per annum
• Fixed 5% increase to rent per annum
• Existing tenant to stay while plans approved
• Premium residential/commercial location
• Most densely populated postcode in Sydney
• Council Rates: $9,269.16 P.A Tenant pays 50% = $4,634.58
• Insurance: $3568.88 P.A Tenant pays 50% = $1,784.44
• Land Tax: $18,443.10 P.A Tenant pays 50% $9,221.55
• Water usage: $2,978.85 P.A Tenants pays 100%

Property ID: 500407527Last Updated: 29 Jan 2018

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