X Commercial are excited to offer to 1 Birmingham Street, Alexandria to market for sale via Public Auction.
A prime & strategically located site within a highly desirable pocket of Alexandria, the property sits on the corner of Birmingham Street & Gillespie Avenue with direct access & exposure to Botany Road, providing convenient access to all of metropolitan Sydney.
An exciting opportunity to secure a boutique trophy asset to occupy, develop or invest with a current holding income to ASX listed PPG industries Trading as Taubman's Paint, underlying development potential or secure your business in this prime and irreplaceable location to benefit from the ever growing & gentrifying mix use pocket of South Alexandria.
Property Features:
Total site area 364sqm*
Total building area 193sqm*
On-site parking
Zoned E3 Productivity Support
FSR 2:1
Height limit 22m
Potential GFA 728m2
Income particulars:
Lease to ASX listed company PPG industries Trading as Taubman's Paint.
Net income $115,000* + GST pa
Tenant 100% responsible for outgoings
Active 12-month demolition clause in favor of vendor
*approx.
Auction to be held on Tuesday 3rd of September 2024 - Auction Works, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000.
For further details, please contact the below exclusive X Commercial selling agents listed.
The size of Alexandria is approximately 3.5 square kilometres. It has 10 parks covering nearly 14.2% of total area. The population of Alexandria in 2011 was 7,048 people. By 2016 the population was 8,252 showing a population growth of 17.1% in the area during that time. The predominant age group in Alexandria is 30-39 years. Households in Alexandria are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Alexandria work in a professional occupation. In 2011, 52% of the homes in Alexandria were owner-occupied compared with 46.9% in 2016.
Alexandria has 7,974 properties. Over the last 5 years, Houses in Alexandria have seen a 43.33% increase in median value, while Units have seen a 19.04% increase. As at 31 October 2024:
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