A rare opportunity has arisen to acquire a prime commercial asset situated in the highly sought-after beachside suburb of Cronulla. 

Based at 12 Laycock Avenue, Cronulla, the commercial building with E2 Commercial Centre zoning comprises three levels of fully leased office accommodation, occupied by four separate tenants and features double street frontages to Laycock Avenue and Currunulla Lane, with 1 car space at the rear of the site. Its prime central location is just a stone throw away from Cronulla Train Station, Cronulla Mall, and the beautiful South Cronulla Beach.

The freehold commercial building boasts a rich history, originally known as the ‘Malton Chambers Building’, formerly owned by the rugby league icon, Jack Gibson, and home to the first Emerald Surf Shop, a local specialised surfboard retailer. Before its transformation to the Emerald Surf Shop, the building functioned as an art gallery.

12 Laycock Avenue is exclusively listed with the Colliers team of Trent Gallagher and Edward McFarland on behalf of a private vendor, with price expectations of $6.5 million or more. 

“Opportunities of this scale and profile are very rarely offered to the market in the tightly held beachside suburb of Cronulla. 12 Laycock Avenue presents a flexible opportunity for a diverse range of buyer types with the ability to invest, occupy or reposition in the short-term,” Mr Gallagher said. 

“This fully leased asset in Cronulla is strategically positioned across from Monro Park, with current rent levels reflecting the area's strong demand and significant potential for uplift. With ongoing developments nearby, this property is poised for further appreciation. Mr McFarland said. 

Cronulla is one of Sydney’s iconic seaside suburbs and is known for its famous beaches, seaside walks and the thriving café and restaurant culture. Cronulla has the highest residential density within the Sutherland Shire, it has an evolving tourism economy and is Sydney’s only beachside suburb that is accessible by rail. 

The property is well-serviced by public transport, with Cronulla Station 170 metres away, offering direct train services to the Sydney CBD. The Cronulla Mall, just 450 metres from the property features a variety of shops, restaurants, and essential services, reinforcing the vibrant local community atmosphere and the robust occupier demand, supporting strong rental reversion prospects.

12 Laycock Avenue is for sale by an Expressions of Interest campaign closing on Wednesday 6th November 2024 at 3pm (AEDT).

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