27-29 Knox Street, Double Bay
Exceptional Investment Opportunity with Future Development Potential
CBER & BadgerFox exclusively offer 27-29 Knox Street, Double Bay by way of Public Auction on Thursday 31 October 20109 at 10:30AM. Described perfectly as a "Trophy Asset", this substantial freehold building is a rare opportunity to acquire one of Double Bay most significant buildings. Situated in one of Double Bay's most renowned streets, this exceptional investment opportunity is located in Sydney's most prestigious harbour side village.
Housing the newly located ANZ bank, 27-29 Knox Street, Double Bay is an exceptional investment opportunity with the benefit of a professional established tenant with future development potential.
Situated between Sportscraft and Double Bay's famous Twenty-One Espresso and directly opposite the Cosmopolitan Centre. The asset is a single tenancy within a recently renovated and state of the art ANZ Bank.
Features of the asset include:
Blue chip freehold investment property in the heart of the Double Bay village with development potential;High ceilings and extensive glass frontage to Knox Street;Rear street access to Knox Lane;Wide façade with opportunity for branding opportunity and exposure;Estimated net income of $199,217* per annum;Long term lease in place with an allocated rent review date in mid-2020;Total lettable area 230sqm*;Land 230sqm*;Flexible B2 local centre zoning;Potential development upside (STCA);FSR of 2.5:1 and 14.7 metre height limit; andRare opportunity to acquire a low maintenance, passive investment located in one of Australia's most notable suburbs.
27-29 Knox Street set to be offered for Sale via Public Auction by Damian Cooley on Thursday, 31 October 2019 at 10:30AM (AEDT) at:
Cooley CBD
Level 5, 1 Margaret Street
Sydney NSW 2000
For all inspections and further information, please contact:
CBRE
Peter Krieg
0412 822 144
peter.krieg@cbre.com.au
Tao Shi
0421 218 031
tao.shi@cbre.com.au
BadgerFox
Alexander George
0415 699 340
alexander@badgerfox.com.au
Peter Leipnik
0402 566 607
peter@badgerfox.com.au
Approximate and based on information provided by the Vendor
Property Information
- Floor area approx 230sqm
- Council Rates $10441/year
- Water Rates $1235/year
Property Features
- Other Outgoings 1775/year
Double Bay
Grand Federation homes and charming semis still line the intimate tree-lined avenues of this aesthetically delightful suburb, set alongside contemporary masterpieces and luxurious villas, where taste and discretion are the order of the day.
Woollahra Library at Double Bay is a highlight – reopened in 2016 and is a constant hive of activity with green walls, study rooms, a reading room with a fireplace and even a slippery dip for the children. The revitalised Kiaora Lane is almost like a central shopping hub within that area of Double Bay. There is a buzz in this wonderful hub with restaurants and cafes such as China Diner, Little Jean and Bake Bar popular with the community.
On the shores of Double Bay you'll find sailing clubs, marinas and two boutique beaches, including the gorgeous Redleaf Pool [now called Murray Rose pool]. Just 4km from the CBD, Sydney's top private schools, including Cranbrook, Scot's, Kambala and Ascham are all in the vicinity. An undeniable air of affluence and an international ambience flavour Double Bay, where the perfectly groomed and the well-heeled can be found enjoying its cosmopolitan attractions.
Suburb Features
Education
- Ascham School
- Cranbrook School
- Double Bay Public School
- Sydney Grammar Edgecliff Preparatory School
- The Scots College
Recreation
- Cooper Park & Tennis Courts
- Double Bay Park
- Steyne Park
- Trumper Park
Restaurants
- Bibo Wine Bar
- Indigo
- Little Jean
- Margaret
- Matteo
- Bedouin
- Matteo
- Lotus
- Sake