Set in the heart of Rushcutters Bay this significant zoned B4 mixed-use site located at 86-94 Bayswater Road, is up for sale via virtual auction.
Located just 3km east of the Sydney CBD, the property comprises five commercial spaces and five residential units over four titles.
The property is being marketed by Ray White Commercial South Sydney and Ascot Realty.
Ray White Commercial South Sydney lead agent Peter Kotzias said the property was surrounded by parks and recreational facilities including the CYC Sailing Club, Kings Cross and Edgecliffe train stations, the vibrant Potts Point and Elizabeth Bay precincts, as well as a variety of cafes and restaurants.
“Rushcutters Bay is a suburb and gateway corridor to the eastern suburbs of Sydney,” Mr Kotzias said.
“The properties adjoin the Vibe International hotel, as well as a mix of older art deco and luxurious apartments and harbour side penthouses.
“Rarely do five terraces zoned B4 on one line go to market, and will attract a lot of interest from developers, investors, and land bankers who are looking for both an enviable exposure and endless future possibilities.
“There are two beautiful parks on the foreshore of Sydney Harbour including the Reg Bartley Oval where sports such as rugby, soccer, and cricket are played as well community events such as concerts; and Rushcutters Bay Park which has a playground, tennis courts and a café.
“These parks are very popular with both Sydneysiders and tourists.”
Mr Kotzias said there were a variety of opportunities for the partially leased site, across both retail and residential units.
“The site also has development approval for boutique conversions and an additional level,” he said.
“There is an abundance of possibilities to land bank, invest, develop, or use as corporate headquarters for those seeking enviable exposure and making your mark with current and future possibilities as well as long term capital growth.”
The property will be auctioned online at 10.30am on October 26.