24 Young Street Neutral Bay

THE OPPORTUNITY
Investing in 24 Young Street offers the advantage of a strategic location in a thriving commercial and residential hub, versatile space configurations, and potential for significant development. This property is arguably one of the best development sites on the Lower North Shore with a strong track record of success being surrounded by some highest performing mixed use developments in recent years.

X FACTORS
Development Potential: The property presents significant future development opportunities, making it a valuable investment prospect. Prime Location: Situated in the heart of Neutral Bay, the property is surrounded by popular cafes, restaurants, and shops, contributing to high foot traffic and a vibrant community atmosphere. Versatile Spaces: The building comprises multiple tenancies, including four retail shops and two office suites, offering flexibility for various business needs. Modern Amenities: Features such as high ceilings, ample natural light, and existing restaurant fit-outs in retail spaces make it an attractive option for businesses.
KEY FEATURES
Site Area: 1,264sqm Building Area: 836.1sqm 2 Foors Basement car park of 22 spaces Holding income of $810,111.81 per annum 8 Tenancies on short term leases (one on demo clause) Zoning: MU1 Mixed Use North facing aspect 3 street frontage
For further information or to arrange an inspection please contact Alex Bennett on 0439 646 997 or Daniel O'Brien on 0404 860 747.