Property ID: 1P1632

13-15 Smail Street Ultimo NSW

  • Offices
  • Sold
  • 1494 sqm
  • 664 sqm
City Fringe Investment Opportunity 1,494sqm
~ Diverse tenancy mix
~ A value add opportunity
~ B4 Mixed Use development potential
~ NABERS Rating 4.5 stars

Freestanding Building with three street frontage. The building comprises 13 units. All units contain full amenities including kitchenette, toilet and shower. The property contains on the ground floor 3 office/showroom spaces with polished concrete floor, exposed timber beams and gyprock ceilings. Large floor to ceiling windows provide abundant natural light to the Smail Street frontage.
Levels 1 & 2 consists of 10 office suites with polished timber floorboards, exposed timber beams and timber framed operable windows. Due to the large ceiling heights on Level 2, some suites have small internal mezzanine areas.

Net Lettable Area: 1,494sqm (approx.)

Site Area: 664sqm
Zoning: B4 Mixed Use
FSR: 2.5:1
Maximum Building Height: 22m

The building has 13 tenancies of which 7 are currently leased.
Net Passing Income: $257,275 p.a.
Estimated Fully Leased Net Income: $562,200 p.a.

Expressions of Interest Closing 4:00pm Wednesday 14 April 2021.
Co-Agents CI Australia
Shirley Fan 0452 531 797
Andrew Hunter 02 8238 0052

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