THE PROPERTY DEVELOPMENT REVIEW
For sale 47-97 Marlborough Street, Surry Hills NSW For sale by Expressions of Interest Closing Wednesday 12 June 2024 at 3.00pm (AEST) A truly unique land rich Surry Hills trophy
– Two adjoining character filled office/showroom buildings, on an exceptionally rare underdeveloped site of 3,413sqm* – Extensively refurbished - currently 97% leased on effective rents offering sustainable cashflow with strong rental growth – Existing NLA 8,710sqm*, potential for additional 5,730sqm* GFA (STCA) – Prime location within the inner cityʼs most desirable suburb the assets benefit from excellent proximity to transportation hubs, essential infrastructure, and an array of lifestyle amenities. – Access to Australiaʼs best performing office market Surry Hills which has the lowest vacancy rate of all 19 major office markets nationally at 6.8% as at Q1 2024 compared to Sydney CBD at 14.3% – 5.5 star NABERS energy rating – Est. Net Income (fully leased) $3.45m*
*(Approx.)
James Aroney 0408 245 554
Michael Laing 0414 606 035
property.jll.com.au
May / June 2024 – 41
Powered by FlippingBook