A once in a lifetime opportunity to acquire a prime freehold corner building in the heart of Balmain’s food and beverage pocket looks set to get investors and owner occupiers’ tongues wagging when it goes to auction at the end of this month.
79 Elliott Street, Balmain is set on a large 398sq m* site with a commercial kitchen, large outdoor seating area and has 297sq m* of NLA over two levels, perfect for a variety of different uses.
This picturesque heritage building has been renovated over the years, and its flexible B2 zoning allows for a plethora of uses for any incoming purchaser.
For sale exclusively through Nick Lower, Selin Ince and Ollie Ridley of Savills Australia, the property is on the corner of Elliott and Darling Street and is let to the Turkish restaurant Efendy, one of the most popular Turkish restaurants in Sydney.
According to Nick Lower, State Director - NSW, Metro & Regional Sales at Savills Australia, Balmain is a prestigious suburb in which to acquire any kind of commercial asset, due to its tightly held nature.
“This is a prestigious asset in any portfolio. Its flexible zoning makes it appropriate for a variety of investors and owner occupiers, who are looking to acquire a significant parcel of land, with a once-in a lifetime building acquisition.
“There is a significant lack of stock on the market currently, and we have not seen this trophy asset offered to market in 10 years” he said.
The property is to be sold via an on-site Public Auction through Savills Australia at 11am on Friday 23 April 2021.