'Adam's House', 113-115 Oxford Street,
Darlinghurst, NSW 2010

'Adams House' positioned at 113-115 Oxford Street, East Sydney is quite easily one of the busiest and highest profile intersections along Oxford Street. Occupying the entire corner, 'Adams House' we believe has the highest level of visual exposure of any retail / commercial building within this precinct. This specific locale of Oxford Street is extremely popular and renowned for its high concentration of public entertainment, namely through a number of high profile hotels, cinemas, clubs and cocktail bars such as the 'Oxford Hotel', 'The Courthouse Hotel', 'Kinselas', 'The Columbian' and The Academy Twin Cinema'.

"Adam's House'is a three storey inter-war classical style building built circa 1920 with a two (2) storey addition. The building has frontage on both Oxford and Crown Streets, comprising six (6) retail shops at ground level which are occupied by four (4) retail tenants.

Access into 'Adam's House' is level at street level with the main entrance located at the intersection of Oxford and Crown Streets. Most office levels provide independent unisex bathrooms, kitchenettes and most office suites are provided with air conditioning.

Arnold Place, a public rear lane-way provides access into a security underground car park. Each of the upper office levels are serviced by two lifts. The building has benefited from some interior refurbishment work which improves the appeal of several office suites making future leasing projects more manageable. Upon level five (5), a penthouse office suite incorporates a most spectacular private roof deck providing district views across Sydney's CBD and harbour.

* Gross Building Area - 1,922.40 sqm (approx.)
* Net Lettable Ares - 1,789.8 sqm (approx)
* Off street parking for 12 + vehicles
* Enormous uplift through refurbishment
* Current net income $472,066 p.a (approx)
* Average lease expiry less than two (2) years (excluding Pie Face)

Inspections strictly by appointment only.

To be auctioned Thursday 31 March, 2011