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Surry Hills 378-380 Cleveland Street

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Iconic Location With Grand Potential

Sold

Attention grabbing corner position with 3 street access, Double lock up garaging and a versatile mixed-use zoning, 378-380 Cleveland Street offers any array of different investment strategies and development opportunities. First time offered in 70 years, this mixed commercial and residential building borders inner-city hotspots Surry Hills & Redfern, with direct access along Cleveland Street to Sydney University, Moore Park sporting complex and Centennial Parklands. Central location close to Sydney's new Silicon Valley styled tech hub. A rare opportunity to secure a substantial piece of land in the Inner City.

3 Apartments. (1x3 bed, 1x2 bed and 1x1bed)Well maintained and ready to be released.2 Commercial spaces. Offered vacant and/or with existing tenancy.Potential plus considering returns and future development.Walk to Crown Street dining, just 400m to light rail station.Cleveland Street bus stops on door step. City fringe locale.Easy access to Central Station, 5 min walk to Sydney High Schools.Footsteps to Belvoir Street Theatre, bars and Prince Alfred Park/ Pool.Premium city fringe address offering development opportunity (STCA)
Proposed Rents in Current Condition:

378 Cleveland Street
Unit 1: $400pw (1 bedroom)Unit 2: $450pw (2 bedroom)Unit 3: $1100pw (3 bedroom)Shop 1: $1000pwShop 2: $350pwTotals $3300pw or $171,600pa
Expressions Of Interest Closes 3pm 10th October 2023

In conjunction with Kevin Mendes
Laing & Simmons
0418 962 035