Irreplaceable mixed-use block with 32-self-contained studio apartments in Sydney's city fringe
46 Foveaux Street, Surry Hills NSW 2010
Contact exclusive selling agents
HotelSize: n/a
Block size: 250 m² approx.
JLL as the exclusive selling agent, is proud to offer Sydney's premier Co-Living opportunity, 46 Foveaux Street, Surry Hills For Sale by way of Expressions of Interest.
Optimally positioned within the true heart of Surry Hills, 46 Foveaux Street represents one of the finest examples of a co-living investment ever to be presented to the Sydney market.
This exceptional UDIA award winning, freehold development, comprises of 32 self-contained studio apartments, features modern finishes, customised furnishings and appliances. In addition, the asset features a ground floor retail premises which is home to 'The Lid Doctor', one of Surry Hills' most renowned barber shop destinations.
46 Foveaux Street is an irreplaceable asset that benefits from a rare planning approval that is not easily replicated in the land constrained and tightly held Surry Hills precinct. A meticulously crafted, award winning co-living development completed in 2017 by Growthbuilt, an iCIRT Gold Star rated builder 32 self-contained, fully furnished studio apartments all featuring kitchenette and bathroom facilities along with living/study space and select rooms with balconies, and views of the city skyline A ground floor retail premises leased to a 'The Lid Doctor' barber shop, which complements the investment with a strong and diversified cashflow presenting robust rental growth prospects Modern and spacious common areas for residents to revel in, including a communal living area with a well-equipped kitchen, laundry facilities, a rooftop terrace with BBQ facility and secure basement parking for bicycles and motorbikes Set within the heart of the eclectic and trendy Surry Hills, an evolving precinct known for its blend of art, creativity, charm and history, only 1.4km* south of Sydney CBD Significant depreciation benefits remaining and no GST payable with the asset being sold as a going concern Currently 100% occupied generating an estimated gross passing income of $1,247,160 per annum* Managed by UKO, Australia's leading Co-Living management business with a key focus on inner-city rentals A wealth of extensive major projects from the public and private sectors currently underway, including Tech Central, Central Station Precinct renewal, Sydney Metro and Surry Hills Village which will further enhance the connectivity and accessibility of this precinct Strategically positioned to attract a thriving demographic of international students, young professionals, key workers, with leading education institutions including UTS, University of Sydney and National Art School nearby Perfectly poised to capitalise on increasing rents, fully supported by record low vacancy rates, upward rental pressure and the return of international students and migrants Highly connected location, only 450 metres* to Central Station which provides bus, train and light rail services throughout Sydney CBD and greater Sydney
* Approximate only
For Sale by Expressions of Interest, closing Tuesday 7th November at 4pm (AEDT).
All enquiries, access to the due diligence dataroom, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Gordon McFadyen to learn more about this property, request an inspection or take an online tour.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
22 Dec 2023
Sold
$15,500,000
Contract: 23/11/2023
Transfer: 22/12/2023
Block size: 250.7m²
Transfer type: Full transfer
Purpose: Commercial
Surry Hills suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
35 years
Population
15,828
Listing ID: 181995971. This listing has been viewed 1 time. It was first displayed on 11/10/2023 and last updated on 11/01/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.