A unique St Peters property featuring a period cottage and a freestanding warehouse has come to the market, presenting a rare opportunity for a range of buyers.
Located at 11-17 Hutchinson Street, the 824.76sqm property provides something for everyone, attracting investors, owner occupiers and developers looking for opportunities in the $5 - $10 million range.
The property is being marketed by RWC South Sydney agents John Skufris and Anthony Vella on behalf of a private investor who recently obtained development approval for the site.
“Currently tenanted by an auto upholstery business and an artist, the site as it is would offer appeal to like minded businesses looking for space to live and work,” Mr Skufris said.
“There is also the opportunity to demolish all existing buildings and redevelop, as the site has approval for a four-storey commercial building and 17 car parks.
“Having development approval offers certainty for developers for an immediate start on the new project.”
Mr Vella said given the site was just 6km from the Sydney CBD, it was sure to attract a lot of interest.
“There is the opportunity to utilise the existing buildings given the lack of supply for freehold warehouses in and around the city fringe,” he said.
“But there are limited opportunities to build a brand new office building with parking and proximity to public transport and amenities including Sydney Park, Marrickville Metro shopping and King Street retail.”
The property is being offered for sale via expressions of interest.
