“The Ellerslie” Gracious Federation Free Hold 5 Level Boutique Block

“The Ellerslie”

Gracious Federation Free Hold 5 Level Boutique Block

Comprising Of A Spacious Retail Area & 14 Modern Studio Apartments

D’Ettorre Real Estate is pleased to offer this prized character freehold building on highly sought after Darlinghurst Road, Potts Point.

• Prized free hold building, enjoying over five levels, features open rooftop & city views
• 48 is the ground floor retail store approximately 134 sqm in size & is fully self-contained
• 48A accommodates 14 beautifully refurbished self-contained studio apartments.
• The studios are currently leased from $400 P/W – $530 P/W.
• Based on 100% occupancy, the studio tenancies return $333,320 per annum.
• Based on a fully let basis including retail would return approximately $433,320 per annum.
• Formally used as a 78 bed back packers / may be reverted (S.T.C.A.).
• Building height of 22m, land size 171sqm, Gross Building Size 854sqm.
• Floor space ratio 3:1- Zoned Mixed use.

This prized freehold building on ever evolving Darlinghurst Road, Potts Point/Kings Cross, the strip is now becoming one of Sydney’s most desirable locations to invest, opposite Kings cross station & moments from Cosmopolitan Macleay Street & the CBD. Set amongst an array of famed cafes, restaurants, bars and conveniently close to the harbour foreshores of Woolloomooloo, Elizabeth Bay, & Rushcutters Bay.