24 Young Street
Neutral Bay, 2089 NSW

BLUE CHIP DEVELOPMENT OPPORTUNITY

Floor area approx 1,264sqm

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: 836.1sqm
- Building Area: 1,264sqm
- 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.


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