Whole, 491 - 493 Elizabeth Street, Surry Hills, NSW 2010

Development/Land | Offices

For Sale Price on Application

  • Property ID: 398645
  • Floor Area: 1195m²
  • Land Area: 239m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Freehold Building with B4 Mixed Use Zoning & Penthouse

Immaculate Trophy Asset. Entire Freehold Building with Penthouse Apartment in Prime Location Comprising a mezzanine office and commercial showroom on the ground floor, three levels of prime office space plus an entire floor private penthouse, this 1,195.50sqm* including garaging and terrace five-storey mixed-use B4-zoned freehold solid built brick and concrete building is to be sold for the first time ever. It presents a highly valuable freehold opportunity with its prestigious Elizabeth Street address just 500m from Central station.

The building 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, along with commercial-grade tinted windows, extra height ceilings, zoned ducted air-conditioning and excellent internal acoustic qualities for quiet working environment. The commercial office floors have recently been upgraded with exceptional quality fit outs and include a variety of floorplans with lock-up executive suites,
partitioned office space, meeting rooms, board rooms, staff facilities, storage & communal areas.

The ground floor showroom has a visible street frontage with direct access from the courtyard and a
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 penthouse converted into a bespoke one bedroom residence designed for the owners to live in or enjoy as a Sydney corporate entertaining base. The apartment 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.

The property also features a newly upgraded CCTV security system, a monitored alarm, newly
refurbished stairwells and secure undercover parking for upto five cars including a high clearance
loading dock with convenient access from Little Buckingham Street at the rear.

Exceptionally maintained and ready to occupy, the building sits on a vastly undercapitalised footprint with potential to maximise the airspace in line with neighbouring development (STCA). Local zoning allows for substantially increased building heights of up to 22m and improved public space in the surrounding area as part of the planned 24Ha Atlassian technology hub (or 'Tech Central'). The dynamic innovation precinct will extend from Central station to Cleveland Street at Redfern with an anticipated influx of offices, boutique shops, restaurants and cafes.

'Briad House' is an extraordinary multi-investment opportunity promising excellent returns in a
highly rapid growth corridor. Nearby Central station, the light rail and bus services connect the area
with all four points of Sydney including the domestic and international airports, it's just 250m from
the recently refurbished recreational facilities and Aquatic Centre at Prince Alfred Park. It is just 1km
to the Haymarket and Chinatown precinct and 2.4km from Martin Place in the heart of the CBD.

Inspections: By Private Appointment

John Skufris
Ray White Commercial South Sydney
0414 969 221
j.skufris@rwcss.com

Peter Kotzias
Ray White Commercial South Sydney
0419 440 450
p.kotzias@rwcss.com

Jaime Upton
Sydney Sotheby's International Realty
0414 21 31 31
Jaime.upton@sydneysothebysrealty.com

Surry Hills Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $8480 $671 7.91%
Industrial --- $522 ---
Retail $8223 $629 7.65%
This is the average advertised price, rent and yield for Surry Hills, NSW 2010*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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