5 South Avenue,
Double Bay, NSW 2028

Ray White Commercial Eastern Suburbs is proud to present 5 South Avenue, Double Bay for Auction Sale.

Situated in Sydney's prestigious Double Bay village, this exceptional investment opportunity has the benefit of a long established child care centre tenancy.

Prominently located near the intersection of South Avenue and Cooper Street, only metres from popular Bay Street, the key features of this trophy asset include:
• Established tenancy "Babies By The Bay"
• Childcare centre license for 29 places
• Passing Income approx. $114,486 per annum, could be easily improved.
• Long term lease with structured rental growth
• Substantial level land holding approx. 364 sqm
• Impressive 15m street frontage to South Avenue
• Thru site driveway provides child drop off zone
• Building area approx. 242 sqm
• Low maintenance passive investment, ideal for self-managed superfunds
• Long term residential development potential

Surrounded by the absolute best Double Bay has to offer, including Guilfoyle Park, The Cosmopolitan Centre, Margaret Double Bay & The Royal Oak Hotel, 5 South Avenue is to be offered by Public Auction on Tuesday 5 April 2022, at 5.30pm, Homely Auction Centre, Level 1 of 29-33 Bay Street Double Bay

For all inspections and further information please contact:

Grant Whiteman
0418 244 5...
gwhiteman@raywhite.com