NEWS

Coveted Blue-Chip Investment Opportunity in Surry Hills

The home of Bondi Wholefoods at 517- 527 Elizabeth Street comes to market.

The affluent inner city suburb of Surry Hills in Sydney’s east is renowned for its urban lifestyle as the hob for prime culinary, shopping and entertainment options. The walk or cycle everywhere approach and village style atmosphere, making it a tightly-held, and the most sought after location particularly amongst creative industries.

One retailer who has taken advantage of the village lifestyle is Bondi Wholefoods, whose brand new 10 year lease at 517- 527 Elizabeth Street is just 300 metres from Australia’s busiest train and transport interchange, Central Station, making this a coveted investment opportunity, according to exclusive sales agents Miron Solomons and Matt Pontey from Colliers International.

“Bondi Wholefoods is an Organic & Wholefood institution which opened its newest store a year ago in Surry Hills and almost immediately has enjoyed the customer response it has been receiving from its other more established venues” said Miron Solomons, Director of Investment Sales for Colliers International.

“Elizabeth Street itself is often regarded as the major thoroughfare which links Sydney’s Eastern Suburbs to Central Station and is surrounded by an area bustling with a load of commercial activity featuring popular bars, cafes, pubs, offices and restaurants including terraces and apartments, schools and leisure.

“We expect interest from a range of local, national and offshore investors as there is pent up demand for quality retail investment opportunities in the City Fringe’s premier suburb” he continued.

The secret to Bondi Wholefoods’ success is in their clean, nutritious food untainted by toxic chemicals which is meeting the demands of what people want today. As a result, organic and wholefood products have grown exponentially over the past few years, making it the fastest growing segment of society’s agriculture.

According to Matt Pontey, Senior Executive, Sydney Metro Sales for Colliers International, “517-527 Elizabeth Street is located within the East Central boutique mixed development and is benefitting from a hive of activity in the immediate area with light rail under construction and a number of residential developments.

“This is an impressive investment offering a 400 square metre tenancy with an unprecedented 30 metre frontage to Elizabeth Street and an annual income of over $260,000” he continued.

The NSW Government is well into its plans in building the Central Business District and South East Light Rail project, which will extend from Circular Quay along George Street to Central Station, through Surry Hills to Moore Park, then to Kensington and Kingsford via Anzac Parade and Randwick via Alison Road and High Street.

The project is estimated to cost approximately $1.6 billion and will take five to six years to complete. The trip from Surry Hills to Town Hall is estimated to take just 9 minutes.

517 Elizabeth Street is for sale through Colliers International, with a guide price over $5,000,000



 

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