Fierce competition from local, interstate, and national investors and value add buyers is expected when a freehold, mixed-use investment with a diversified income stream, located on Surry Hills’s tightly held Crown Street, hits the market later this month, with price expectations in excess of $7 million.
Located at 559-561 Crown Street, Surry Hills, the ground floor commercial is currently leased to Blooms the Chemist, with 12 residential units above over two levels.
The property sits on a 177sq m site with 315sq m of net lettable area and is for sale through Nick Lower and Selin Ince of Savills Metropolitan & Regional Sales.
According to Selin Ince, Senior Executive – NSW at Savills Australia “Acquiring 12 units in this tightly held pocket of Surry Hills is incredibly rare; being further compounded by this particular asset coming to market for the first time in over 30 years.
“With interest rates next to nil, we expect there to be incredible interest in this asset due to its premium location and fundamentals,” she said.