534 Military Road, Mosman

Key Details

Status
For Sale
Type
Commercial
Unique id
1P0349

Property Description

Key Property Information: Land Area: 259m2* | Floor Area: 280m2* | Car Spaces 2 | Zoning E3 Productivity Support – Tenure Type | Tenanted Investment KAN Property is proud to present 534 Military Road Mosman. Tightly held it comes to Market for the first time in 42 years. This is an opportunity for an astute buyer to Invest, occupy or develop. This prominent building is positioned alongside long term successful retailers and enjoys a high profile location with an impressive 11 metre* double frontage to Military Road with exposure to 50,000* motor vehicles daily. This mixed use freehold property sits on 259m2* of land and benefits from an E3 zoning which has a 2:1 Floor Space Ratio and 12 metre height limit for potential value add. (STCA) There is clear potential for Investors to increase current rents to both both levels. The large ground floor retail area is 185m2* and the spacious first floor 2 bedroom unit is 95m2* with large balcony of 80m2*. A rear garage and car space complete the picture. The current Commercial tenant Back To Timber Flooring has traded successfully for 5 years in this location being one of its 4 stores in Sydney. The asset represents a rare opportunity for prospective purchasers to enhance returns in the short term, and also capitalise on underlying planning controls. Key Highlights: – Potential rental growth – Mixed-use – Net Lettable area 280sqm* – Land Area – 259 sqm* rear lane access – 11 metre* street frontage – Multiple value-add propositions – Favourable zoning – Future development potential (STCA) – High profile Mosman position with excellent exposure ** All Figures and Measurements are an Approximate. For further information and to arrange an inspection please contact James Economides 0418 229 601 or Kerry-Anne Nielsen 0418 969 161. Disclaimer: Every effort has been made to ensure the information provided in this marketing material is accurate and complete. However, Kerry-Anne Nielsen Property does not warrant or guarantee the accuracy of information supplied and accepts no liability for any errors or omissions. Prospective purchasers are advised to conduct their own investigations and seek independent advice to verify all details relevant to their decision. Please note that photographs, maps, images, are for illustrative purposes only and may not accurately reflect the current condition or presentation of the property

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