Boutique Southern Sydney office building the ideal investment opportunity

27 July 2023

The perfect creative workspace in the heart of Southern Sydney has come to market, offering an eco-friendly and reimagined office across five levels.

The bold architectural landmark at Ten James Street in Waterloo is renowned as one of the best boutique buildings in the region, with the light filled industrial themed space softened by greenery and an atrium housing hundreds of plants.
The property has had $4.1 million invested into a comprehensive refurbishment and comes with a favourable leasing profile and 2,240sqm of NLA, allowing the incoming purchaser flexibility when assessing future options.

The property is listed through the Colliers team of Michael Crombie, Jackson Wray and Angus Urquhart on behalf of REStreet and comes with price expectations of $25 million.

“Rarely do we see a freehold tenant investment for sale within this price point of $25 million. The offering allows such great flexibility for the buyer, through the potential vacancy but also to be part owner occupied and/or covered via rental guarantee. With a full refurbishment completed, the investor can focus on the annuity income in the booming South Sydney precinct,” Mr Crombie said.

On top of the many amenities on offer, the building comes with 25 secure on-site parking spaces over two floors as well as a rooftop and outdoor terrace spaces.

A focus on sustainability has seen many exciting features added to the building, including solar panels, insulated windows, recycled water and car charging stations in the car park.

The property is situated close to both the Sydney Airport and CBD, while the new Waterloo Metro Station is just 900m away.

Demand for existing & new office space in South Sydney is being driven primarily by the lower occupancy costs of the area versus the CBD & CBD fringe, the proximity to two of Australia’s main international gateways and the high level of infrastructure investment in the market.

Ten James Street, Waterloo will be offered for sale via an Expression of Interest Campaign closing on 22nd August 2023 at 4pm (AEST).