For Sale: Contact Agent
Block of 4 x whole-floor apartments comprising (3 x 2 bed, 1 x 3 bed) with Development Upside (STCA)
A rare opportunity in a premier bayside location, this entire Torrens Title building presents exciting scope for creative modernisation to capitalize on its prized position between cosmopolitan Potts Point village and harbour foreshore parklands at Elizabeth Bay and Rushcutters Bay.
Named Glenbrae, the Spanish Mission style c1920s building retains traditional details including timber wall panelling in the common areas, while the shared rooftop enjoys northerly district views to Garden Island and the harbour. With each apartment currently rented, the building has an income stream of approx. $134,000 per annum gross.
Bring your architect, designer or builder to explore the potential of this building including its conversion to a luxury four-level residence STCA. Ultra-convenient enclave just footsteps to cafes and buses, 300m to weekend markets in Fitzroy Gardens, 350m to Macleay Street's shopping/dining scene and 600m to Kings Cross train station.
FEATURES:
• Spanish Mission style c1920s security building
• Torrens title building, 4 whole-floor apartments
• 3 x 2 bed apartments and 1 x 3 bed apartment
• Rooftop with views to Garden Island & harbour
• North rear aspect and elegant original facade
• Timber-panelled staircase and common areas
• High ceilings, leadlight windows, timber floors
• Footsteps to cafes, local shops and wine store
• 200m to Beare Park and Rushcutters Bay Park
• 300m to weekend markets in Fitzroy Gardens
• 350m to Potts Point shopping and restaurants
• Buses at the door, 550m to Kings Cross train station
Ray White The Woollahra Group in conjunction with Karbon Commercial Property
Contact: Kevin Fine and Ian Campbell (Ray White); Joshua Watts (Karbon Commercial)
Level 1, 68 Moncur Street, Woollahra NSW 2025
02 9357 3434
KEVIN FINE
0416161440
IAN CAMPBELL
0412 225 993
