Multi- Tenant Investment with scope for future development (STCA)
257 - 259 Military Road, Cremorne NSW 2090
Last Asking Price - $7,000,000
Block size: 568 m² approx.
Ray White Commercial Sydney North as exclusive selling Agent is delighted to present this prime multi-tenanted asset located at 257 - 259 Military Road, Cremorne.
Positioned just metres from the intersection of Military Road and Holt Avenue, this commercial property is a rare opportunity to purchase a substantial free standing commercial building in the heart of Cremorne, with excellent future development potential.
The premises has an expansive 17 metre* frontage to Military Road and offers one of the largest retail / commercial premises in the precinct with a lettable area of 768 sqm* split across 4 tenancies with off-street parking for 5 cars. The property enjoys a generous B4 Mixed Use Zoning with a 16 metre height limit.
Ideally located in the centre of Cremorne's bustling village precinct in close proximity to iconic and long standing retailers including McDonald's, Sushi Train, Cremorne Orpheum Cinema, Fanuli Furniture and North Shore BMW.
This is a fantastic opportunity to acquire one of the lower north shore's finest commercial property investments.
Property Highlights: • Lettable Area- 768 sqm* • Land Area - 568 sqm* • Off street parking for 5 cars with rear access • Prominent 17 metre* frontage to Military Road • Current gross income $331,143 per annum + GST* • Surrounded by longstanding leading retailers *all figures are approximate
For further information please contact Scott Stephens 0409 960 006 or Logan Grisaffe 0403 916 433
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Block Size:568 m²*
*These are approximate values based on available information.
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