This iconic building was recently offered to the market and sold as a fully leased investment and the new trophy asset for a private investors portfolio. Many locals who knew this building as the former Edgecliff Post Office is now home to a mix of high caliber tenants including the Minister for Wentworth and current Australian Prime Minister, Mr Malcolm Turnbull.

This freestanding, four storey commercial building is located on the corner of New South Head and Edgecliff Roads and comprises of approximately 1,405m2 of Net Lettable Area (NLA), secure basement car park for 7 cars a separate security car park for 8 cars over two levels and located approximately 3kms from the Sydney CBD and a short walk to Edgecliff Train Station & Double Bay.

The campaign attracted over 200 enquiries showing the demand for prime grade assets in Sydney’s prestigious Eastern Suburbs.

Key property highlights include:
• Freestanding, landmark building
• B4 Mixed use zoning
• Fully leased investment
• Diverse cashflow
• Potential upside
• Land area: 751sqm
• NLA: 1,405sqm
• 200metres to Edgecliff Station

Sales Analysis*
VendorZandra Pty Ltd
PurchaserJJD Ventures Pty Ltd
Sale PriceConfidential
ZoningB4 Mixed Use
MunicipalityWoollahra Council
Site Area751m²*
Net Lettable Area (NLA)1,405m²*
Net Income (per annum)$955,144.74*
ParkingSecure car parking for 15 cars
Passing YieldConfidential
 
Sales Process
Sale Date:3 November 2015
Sale Type:Private Treaty
 
*Approximate