• Prominent 1,251m² standalone building with 52 on-site car parks. • Large 2,019m² Freehold site - Grammar zoned • $403,400 net passing, fully leased over $600,000 net potential • Elevated Mixed Use site with harbour views and development potential to 21 metres • All leases have termination clauses providing ultimate flexibility for developers, occupiers and add-value investors
This exceptional standalone trophy building at 1 Burton Street has a long list of strategic features for astute buyers. Long term leases with demo clauses and excellent future development upside to 21 metres high. The property is close to the CBD with an under-rented large billboard coming up for expiry, a desirable location and the ability to add value to increase the rental return. Additionally, there is easy access to motorways and public transport, flexible Mixed Use zoning, excellent parking for 52 cars and a favourable earthquake report at 99% NBS (Grade A).
After 18 years of ownership, this property must be sold. Register your interest today by contacting the sole agents for a comprehensive information memorandum.