282-284 Victoria Ave,
Chatswood, NSW 2067

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Two Freehold Properties with Development Upside

Future development potential
Secure holding income
Excellent location on Victoria Avenue

282 & 284 provides a rare opportunity to purchase two freehold commercial buildings in one line, with secure holding income and a strong mix of long standing tenants.

The buildings are centrally located in a prime position on the busy Victoria Avenue retail strip in the heart of Chatswood and benefit from favourable zoning to allow future mixed use residential / retail development potential.

Investment Highlights

- NLA: 5,572m² (approx.)
- Current Gross Income: $2,300,061
- Excellent parking of 116 cars ratio (48:1)
- Functional easily sub dividable floor plates
- Prime location on Victoria Avenue Opposite Chatswood Chase
- Close walk to Chatswood Railway
- Strong tenant retention with many long standing tenants
- Various opportunities to increase rental income
- NABERS: 4.5 Stars (282 Victoria Avenue)

Development Highlights

- FSR: 2.5:1 or 4.0:1 for site area over 3,000 sqm
- Site Area: 2,175 m²
- Flexible zoning allowing mixed use residential / retail development (STCA)

The site is being sold by Expressions of Interest Closing 4pm Wednesday 12th October 2016 (AEST)

For further information please contact the exclusive agents Henry Burke, Steam Leung or Guillaume Volz.

Property ID: 502060198Last Updated: 12 Feb 2017

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