A unit situated in 1/DP332113 Marrickville NSW. In the council area Inner West, featuring 3 bedrooms and 2 bathrooms.
Invest, Occupy or Redevelop with Income Colliers International is pleased to offer an exciting opportunity to purchase 35-41 Addison Road and 53-55 Philpott Street, Marrickville.Boasting premium corner exposure on the main road of the newly activated residential precinct of Sydneys Inner West suburb, the properties provide great adaptive use for retail showroom for an owner-occupier, investment and would make an ideal location for mixed-use residential redevelopment.Main investment highlights are:- Site area: 35-41 Addison Road: 1,471 m and 53-55 Philpott Street: 858.3 m. Total land area: 2,329 m approximately;- 35-41 Addison Road is a 2 level commercial building currently being used by the owner and 53-55 Philpott Street is also a 2 level building of office and warehouse currently leased until 9 March 2019 plus a 5 year option;- The properties has a 3 street frontage, located on the corner of Addison Road, Philpott Street and Stevens Lane in the built up residential area of Marrickville. Adjacent to the property is a mixed-use development at 31-33 Addison Street was completed for 24 apartments and a ground floor commercial of 400 m and 29 car spaces over a basement parking;- Town planning: The properties are zoned B5 Business Development under Marrickville Local Environmental Plan (LEP) 2011. Pursuant to Schedule 1 of the current LEP, the current zoning allows an additional permitted use which permits residential accommodation as part of a mixed-use development; and,- A preliminary urban study has been prepared by A+ Design Group showing the subject site can yield up to 3,931 m GFA or 8 townhouses plus 35 residential apartments with 210 m GFA retail (subject to Council approval).35-41 Addison Road and 53-55 Philpott Street, Marrickville are for sale by Auction to be held on Thursday 28 June 2018 at 10:30am at level 5, 1 Margaret Street, Sydney NSW 2000.For further due diligence information, inspection or a contract for sale, please contact;Steam LeungD: 02 9257 0269M: 0412 236 138E: [email protected] GallagherD: 02 8337 6222M: 0432 242 063E: [email protected] BuiD: 02 9257 0367M: 0410 477 888E: [email protected]