Ground Floor, 2/48 Macleay Street,
Potts Point, NSW 2011
Offices • Shops & Retail
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Mercer Property - SYDNEY
Suite 4.17, Lawson Place, 167 Phillip StreetSYDNEY, NSW 2000
Ground Floor, 2/48 Macleay Street
Potts Point, NSW 2011
Map of Ground Floor, 2/48 Macleay Street
Prestigious Potts Point Investment with Long Term Medical Tenant
- Tightly held strata investment
- Established medical tenant
- Corner location in heart of Potts Point
A premium opportunity has arisen for Mercer Property to bring Unit 2/1 Greenknowe Avenue (also known as 48 Macleay Street), Potts Point to market via public Auction.
On the ground floor of the stately Kingsclere building, upon one of the busiest intersections of Potts Point, this heritage site benefits from high foot traffic and a prominent position in a dynamic inner Sydney neighbourhood.
Potts Point is in its prime, establishing itself as a favourite city fringe neighbourhood popular with both long-term locals and regular visitors. It's a hub of cosmopolitan culture where bustling cafes, popular restaurants, busy boutiques and weekend farmers' markets exist alongside a thriving residential community.
For more than 60 years, Unit 2/1 Greenknowe Avenue has been occupied by a medical practice. Currently leased to Macleay Street Medical Practice, the well-frequented clinic is operated by a dedicated collective of trusted health professionals including four general practitioners, a psychologist, a registered nurse and pathology services.
Kingsclere features a charming red brick facade, reminiscent of an Art Deco New York apartment building. Designed by architects Halligan & Wilton and built in 1912, the historic site is heralded as the original "high rise" residential building in Sydney and the first constructed in the Federation Free Style popularised in the United States but rarely seen in Australia.
Key features include;
- Strata titled suite with 224sqm of internal space
- Established tenant with a long history as a medical practice
- Long lease expiring in November 2027
- Net annual income of about $212,788.13 + GST
- Corner location on one of Potts Point's busiest intersections
- Surrounded by prominent eateries
- 500m from Kings Cross Station
- Tightly held investment in a landmark Art Deco building
Auction details:
The auction will be held on Tuesday, April 30, 2024, at 10.30am (AEDT).
Conducted by Auction Works, the auction will be held on the mezzanine level, 50 Margaret Street, Sydney.
Inspections:
By appointment only
To discover more about this iconic listing, or to arrange a time to inspect the property, please reach out to the Mercer Property team for more information.
On the ground floor of the stately Kingsclere building, upon one of the busiest intersections of Potts Point, this heritage site benefits from high foot traffic and a prominent position in a dynamic inner Sydney neighbourhood.
Potts Point is in its prime, establishing itself as a favourite city fringe neighbourhood popular with both long-term locals and regular visitors. It's a hub of cosmopolitan culture where bustling cafes, popular restaurants, busy boutiques and weekend farmers' markets exist alongside a thriving residential community.
For more than 60 years, Unit 2/1 Greenknowe Avenue has been occupied by a medical practice. Currently leased to Macleay Street Medical Practice, the well-frequented clinic is operated by a dedicated collective of trusted health professionals including four general practitioners, a psychologist, a registered nurse and pathology services.
Kingsclere features a charming red brick facade, reminiscent of an Art Deco New York apartment building. Designed by architects Halligan & Wilton and built in 1912, the historic site is heralded as the original "high rise" residential building in Sydney and the first constructed in the Federation Free Style popularised in the United States but rarely seen in Australia.
Key features include;
- Strata titled suite with 224sqm of internal space
- Established tenant with a long history as a medical practice
- Long lease expiring in November 2027
- Net annual income of about $212,788.13 + GST
- Corner location on one of Potts Point's busiest intersections
- Surrounded by prominent eateries
- 500m from Kings Cross Station
- Tightly held investment in a landmark Art Deco building
Auction details:
The auction will be held on Tuesday, April 30, 2024, at 10.30am (AEDT).
Conducted by Auction Works, the auction will be held on the mezzanine level, 50 Margaret Street, Sydney.
Inspections:
By appointment only
To discover more about this iconic listing, or to arrange a time to inspect the property, please reach out to the Mercer Property team for more information.
Property ID: 504556700Last Updated: 10 Jul 2024
Mercer Property - SYDNEYSuite 4.17, Lawson Place, 167 Phillip Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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