491-493 Elizabeth Street, Surry Hills NSW 2010

'BRIAD HOUSE' 491-493 ELIZABETH STREET, SURRY HILLS

INSPECT BY APPOINTMENT

Showcasing an established Elizabeth Street address just 500m from Central station exceptionally maintained and ready to occupy now, this 1,195.50sqm approximately five-storey mixed use building is selling for the first time ever and offers an extraordinary opportunity for those keen to invest in a rapid growth corridor home to Sydney's next hi-tech and innovation precinct. 'Tech Central' will be the largest tech and innovation hub in Australia and provide 250,000sqm of space for technology companies and startups. The NSW Government has invested $48.2 million to kick start development, with tech giant Atlassian confirmed as its anchor tenant.

The solid brick and concrete building resides on an undercapitalised footprint with potential to maximise the airspace in line with neighbouring development [STCA], while B4 zoning allows for increased building heights of up to 22m along with improved public space in the surrounding area as part of the planned 24Ha Atlassian technology hub. The development is anticipated to extend from Central station to Cleveland Street at Redfern resulting in an influx of offices, boutique shops, restaurants and cafes. 'Briad House' will almost certainly benefit from a prime position and potentially provide its investor owner with a valuable asset and capital gains over the long term.

Comprising a mezzanine office and commercial showroom, three levels of prime office space and a whole-floor private penthouse, 'Briad House' is set back behind a gated courtyard and features double entry doors to a New York-style granite lobby with secure lift access to every floor, as well as commercial-grade tinted windows, zoned ducted air-conditioning and high level internal acoustic qualities. The commercial office floors were upgraded with expectational fit-outs and include a variety of floorplans with lock-up executive suites, partitioned office space, meeting and board rooms, staff facilities, storage and communal areas.

The ground floor showroom has a visible street frontage with direct access from the courtyard and mezzanine office level. The three office floors above would suit a variety of tenants such as legal houses, accounting firms, government agencies, consultancies, media, finance or creative enterprises. Crowning the building is an original three-bedroom floor plated penthouse converted into a bespoke one-bedroom residence for the owner of the building to live in or enjoy as a Sydney corporate entertaining base. The penthouse could revert to its original three-bedroom configuration or potentially provide additional office space and includes a wraparound terrace with a northeast to west aspect and closeup city views. 'Briad House' Penthouse showcases generous living space, a large kitchen and two bathrooms - including an ensuite to the oversized bedroom and a spa bath in the master, plus generous storage. Framed by wide windows and a wraparound terrace featuring a sundrenched northeast to west aspect and close city views, including Centrepoint Tower. The penthouse is interior decorator appointed and created for the ultimate entertainers' luxury residence with its outdoor barbeque and an infrared sauna on the terrace.

'Briad House' is an extraordinary multi-investment opportunity promising excellent returns in featuring an upgraded CCTV security system, monitored alarm, refurbished stairwells and secure undercover parking for up to five cars including a high clearance loading dock with access from Little Buckingham Street at the rear. Nearby Central station, the light rail and bus services connect the area with all points of Sydney including the domestic and international airports. It is also just 250m to Prince Alfred Park Aquatic Centre, 1.0km to the famous Chinatown district and 2.4km from Martin Place in the heart of the CBD. An exceptionally rare and unique opportunity not to be missed!

Jaime Upton
Sydney Sotheby's International Realty
M: +61 414 31 21 31

Co-Agent:

John Skufris
Ray White Commercial South Sydney
M: +61 414 969 221