Once-in-a-lifetime world-class investment & development opportunity
First time offered to the market, I.B Property as the exclusive selling agent is pleased to present 117 Victoria Street, Potts Point. Very rarely does the opportunity present itself to purchase a block of apartments in one of Australia’s most sought-after postcodes within an easy walk to the CBD
Key Highlights
• 45 apartments to be offered in-one-line
• World-class City Skyline, Harbour Bridge and Opera House views
• Large land area of 1,205 sqm* with dual street frontages to Victoria Street and Brougham Street.
• Located in one of Potts Point’s most sought-after tree-lined streets surrounded by bustling restaurants and bars, a short walk to Kings Cross Station and all the area’s best amenities.
• Current configuration of 34 x 1 bedroom apartments, 10 x studio apartments & 1 x 2 bedroom apartment
• Extensive roof deck with great potential for development and amenity
• 18 car spaces
• Gross income of $955,240 per annum with the potential to increase
• Favourable FSR of 2.5:1
• Current building area 1,938 sqm*
• R1 General Residential Zoning
*approx.
Often sought but rarely found this is one of Sydney’s best development and investment opportunities in what is considered Australia’s Manhattan.
117 Victoria Street, Potts Point is for sale via International Expressions of Interest closing Thursday, 25th August at 4pm (AEST).
Please contact the exclusive selling agents for more information or to register for the next inspection.
Remember to mention you found this property on CommercialReady
