Expressions of interest are being sought for the sale of a fully refurbished converted warehouse at 19 Foster Street, Surry Hills.
Positioned within close proximity to Sydney's CBD, the asset offers 3,154 sqm of net lettable area, with dual frontage to Foster Street and Wentworth Avenue.
Knight Frank's Director of Commercial Sales, Jonathon Vaughan, who is marketing the site with colleague from Knight Frank John Bowie, Karbon Property’s James McCourt and Joshua Watts, on behalf of Security Capital Australia, says the property presents an opportunity to acquire a commercial building in the tightly held market.
“Substantial office buildings in Surry Hills are highly sought after by investors as they don’t come to market very often and we are continuing to see an increase in interest in the city fringe, with a number of groups now undertaking active city fringe buying strategies. Further, the asset’s favourable lease expiry profile and low rental base will provide an incoming owner the opportunity to add significant value by leveraging one of the most sought after leasing markets in the country," Mr Vaughan told WILLIAMS MEDIA.
Extensively refurbished in 2013, the industrial-style creative space features high ceilings, polished concrete floors, and exposed brickwork.
"With opportunities such as these hard to come by and the asset catering to a generational shift in the occupier market, we expect the industrial-style creative space will draw significant interest from local and offshore investors," Mr Vaughan continued.
Expressions of interest close at 4pm on Wednesday, 31 October. For more information or to register your interest, contact the listing agents via the contact details below.
Click here to view listing with more information.
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