CBRE, as the exclusive listing agent is pleased to present 2-6 Belmore Road, Randwick. A fully let premium mixed use investment opportunity with development upside in Sydney's affluent Eastern Suburbs, only 6.2km* from Sydney CBD. Boasting a site area of 320sqm* and leased to five tenants, the building provides good passing income with value add upside.
Belmore Road is positioned to capitalise on the dense population immediately generated from two shopping centres, Prince of Wales hospital, Sydney Children's hospital, and University of New South Wales all within 1km*.
2-6 Belmore Road, Randwick benefits from the following key attributes:
•Fully let to five established and popular tenants
•North-East facing mixed use freehold building with development upside (STCA)
•Existing GFA of approx 420sqm across two stories
•Large site area of 320sqm* wirh rear street access
•Previously DA approved for alterations to the existing building to create a shop top housing development.
•Ideally positioned in the centre of Randwick’s main commercial hub, only 6.2km* from Sydney CBD
•High exposure corner location with dual street frontages to Belmore Road (24m*) and Alison Road (7.5m*)
•Height of building limit of 12 metres.
2-6 Belmore Road, Randwick will be sold via a Public Auction on Tuesday 22 July 2021 at AuctionWORKS Mezzanine Level, 50 Margaret Street, Sydney NSW 2000 (Livestream and Online Bidding available)
For more information or to request access to the due diligence room, please contact the exclusive selling agents.