A mixed use freehold investment at 120 Redfern Street, Redfern for sale. Matt Pontey, Director, Colliers and Miron Solomons, National Director at Colliers have been appointed to handle the auction. 

Surrounded by billions of dollars in infrastructure projects all eyes are wide open and eyeing off Sydney’s hottest fringe market.

“It’s been all eyes on the fringe these past few months and in particular around Redfern where the market is witnessing the perfect storm. There is over $4 billion dollars’ worth of public and private infrastructure projects which are continuing unabated” said sales agent, Matt Pontey, Director, Colliers.

He continued, “These projects are well documented nationally and internationally. From Tech Central, Central Station and now the governments upgrade of Redfern Station, all less than a kilometre from the property”

Miron Solomons, National Director at Colliers added “Our team have tested the market across multiple asset categories and it’s obvious that both the infrastructure investment and resilience we have seen in the fringe have been noticed beyond the usual groups we see chasing properties in this market. We are fielding enquiries from groups who are traditionally active in other asset classes or even states and now that they can finally cross the borders again its game on!”

“These candidates across all borders are looking to capitalise on the huge investment into these well documented infrastructure projects from both the public and private sectors surrounding the fringe market. We are witnessing world class precincts and key transport links being delivered on the CBD doorstep. The commercial market in the fringe is also underpinned by low vacancy rates that have been tested and proven resilient in this unusual time. It’s the perfect formular to attract investors across the country” added Mr. Solomons.

“Surry Hills, Redfern and Chippendale were sitting close to 1% vacancy prior to the pandemic and with the initial adjustment and now influx of companies who are looking to relocate or establish themselves into this market, we have in fact seen a positive arbitrage.” Added Mr Pontey.

120 Redfern Street offers both retail and residential income streams and couldn’t be better positioned to capitalise on this growth. There is both a quality retail tenancy in Vegetelement Provence and beautiful grand large residence which adorns this beautiful asset.

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There is no argument that Redfern is fast coming the hospitality hot spot in the fringe too. There are some of Sydney’s hottest bars, restaurants and cafes popping up everywhere here.

“I don’t think there are many other fringe markets globally that are witnessing demand for projects of this magnitude continue during this time. The positive market sentiment can be directly attributed to the NSW and Federal Governments response and handling of the pandemic as buyers are actively engaging and seeking out quality investment opportunities” concluded Mr. Pontey.  

120 Redfern Street, Redfern will be offered for sale by way of Public Auction on Thursday, 20 May 2021 through Matt Pontey & Miron Solomons of Colliers.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below. 

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