Introducing 31 Randolph Street, a well-positioned and centrally located corner holding in Eden Terrace. This stylish property offers a rare blend of live/work versatility, multiple income streams and development potential, all with a favourable vacant possession status.
The 475sqm of net lettable area includes a practical industrial lower level with roller doors and four car parks. An internal staircase leads to an open plan first floor, tastefully refurbished and saturated in natural light. This upper floor, currently used as an office, also has full residential capacities with a kitchen, bathrooms and its own roller door access/carpark. The building has a favourable 75% NBS rating.
The underlying freehold 278sqm corner site is zoned Business – Mixed Use allowing for development of up to 32.5 metres. The Eden Terrace area has a plethora of developments recently complete, a testament to the demand in this small pocket.
This unique property is being sold via Auction taking place 11am Thursday the 25th July 2024 in the Colliers Head Office. Please contact the agents for further information and inspection windows.
Features:
* Vacant Possession: Ideal for owner-occupiers looking to move in immediately.
* Live/Work Potential: Versatile property offering residential and commercial solutions.
* Investment Opportunity: Lease out the warehouse, residential suite, or both for income.
* Prime location with extensive frontage on Cargill Street and Randolph Street.
* Business-Mixed Use Zoning: Flexibility for various commercial uses in a dynamic area.
* Strategic Land Holding: Freehold 278sqm site with 475.6sqm NLA in central Eden Terrace.
* Easy Access Parking: Four on-site car parks, including two with roller doors.
* Earthquake Rating: Favourable 75% NBS rating