Two freehold commercial investment properties for sale in one line in the heart of Chatswood with future potential for shop top housing development.
Two freehold commercial buildings in Chatswood, with a combined net lettable area of 5,572 sqm and site area of 2,175 sqm, are being sold in one line via an International Expressions of Interest & Select Tender Campaign closing Wednesday 12th October by exclusive selling agents Colliers International.
The buildings, located at 282 & 284 Victoria Avenue, Chatswood offer secure holding income and a strong mix of long standing tenants. The buildings are centrally located in a prime position on the busy Victoria Avenue retail strip directly opposite Chatswood Chase Shopping Centre in the heart of Chatswood. The buildings form a large site of 2,175 sqm and benefit from favourable zoning allowing for future residential and mixed use development, subject to council approval.
According to Colliers International’s Director for Sydney Metro Sales, Henry Burke, “Chatswood is Sydney Metro’s largest and most energetic mixed use centre with a cohesive mix of commercial, retail, residential and lifestyle developments. It has everything, excellent transport, world class amenity, hotels, restaurants, cafes, a centre for the arts and fantastic parks and lifestyle elements. 282 & 284 are perfectly placed to benefit from the always evolving Chatswood landscape.”
Mr Burke went on to say that “282 Victoria Avenue has been in the same ownership since being built. Never before have we seen two existing freehold buildings located on Victoria Avenue’s busy retail strip with secure holding income and potential for future development, available for sale in one line.”
“We continue to see large numbers of foreign investors and developers wanting to buy into the Sydney market. Chatswood is a sought after investment hub and already has many foreign owners and for this reason we expect strong interest from a range of local and offshore investors and developers.” Colliers International’s National Director Asia Markets, Steam Leung said.
Colliers International agents Guillaume Volz, Henry Burke & Steam Leung are handling the sale with Expressions of Interest closing 12th October 2016.