• Considerable value uplift potential
• Excellent Sydenham location
• Holding income negotiable
First time to market in over 25 years, this expansive property presents a solid foothold in Sydenham, underwritten by over 2,000 sqm of land and delivering almost 2,200 sqm of floor area. A value-add opportunity of scale.
The building comprises two levels with workshops and showroom on the ground floor and a spacious first floor with huge character and the potential to create a stunning value-add loft space for the creative developer or owner occupier.
With 12 car parks and a significant floor area to activate, this property will generate a solid rental income when cleverly refurbished and fully occupied. A detailed seismic assessment (DSA) and seismic strengthening estimate were completed in 2022 and are available to assist purchasers to this end. The vendor is open to negotiating a short term lease with the purchaser to assist with ownership transition.