Premium Development Opportunity - Marrickville
35-41 Addison Road Marrickville
THE X FACTORS ARE:
Total Land: 2,329.3m2 approx. Building Area - 35-41 Addison Road: 1,735m2 + Mezzanine Building Area - 53-55 Philpott Street: 1,243m2 + Mezzanine
X MARKS THE SPOT
X Commercial is pleased to offer this exciting opportunity to acquire both 35-41 Addison Road & 53-55 Philpott Street, Marrickville in-line.
Positioned across a 3 street frontage, the highly exposed site is positioned within the newly activated residential precinct of Sydney's Inner West and in close proximity to Newtown.
In addition, current planning controls and recent nearby developments place the combined site as an ideal location for a mixed-use residential redevelopment. An initial preliminary study shows an existing yield of approx. 3,931m2 GFA (8 townhouses + 35 units + 210m2 retail) subject to council approval.
Existing improvements, currently with short-term tenancies in place, provide an excellent platform for adaptive re-use towards retail/showroom uses and will suit a wide variety of occupiers.
THE KEY X FACTORS OF 35-41 ADDISON ROAD MARRICKVILLE INCLUDE:
Three street access, with adjacent sites along block having been recently completed Subject to existing tenancy (EXP: 9/22) 35-41 Addison Road (FSR 2:1 - HOB 17m) 53-55 Philpott Street (FSR 1.2:1 - HOB 11m) Walking distance to Enmore Road, King Street Newtown and Marrickville Metro Shopping Centre B5 Zoning (Marrickville Local Environmental Plan (LEP) 2011) allows additional permitted use which permits residential accommodation as part of a mixed-use development
For more information or to organise an inspection, please contact one of the exclusively listed agents.
George Carydis | 0401 515 528 Daniel O'Brien | 0404 860 747