A café situated at the base of Mirvac’s harbourside development Latitude, which is home to some of Australia’s biggest names, is set to attract strong interest after coming to market.
The café at Shop 1, 55 Lavender Street in Milsons Point provides a secure retail investment with potential for future occupancy, offering an exceptional and flexible lease term for both savvy investors and occupiers.
The 29sqm property with exclusive use of a 100sqm balcony offers exceptional views of the Harbour Bridge and is located in the landmark Latitude building, which is also home to household names such as Nicole Kidman and Keith Urban.
The Colliers team of Tom Appleby, James Mullin and Samantha Carroll have the exclusive listing.
“Scarce supply of commercial strata investments has seen investor demand remain strong despite the uncertainty surrounding the market, with strong interest expected in the asset, Mr Appleby said.
“The unparalleled privilege of relishing the exclusive use of the 100sqm sun-lit balcony, boasting stunning views is an invaluable opportunity for any prospective occupier or investor looking to capitalise on one of Sydney’s most sought-after suburbs”, Ms Carroll added.
The Latitude building in Milsons Point has been of continued interest to Hollywood superstars Nicole Kidman and Keith Urban, with the pair snapping up their sixth apartment in the building earlier this year.
Zoned MU1 Mixed Use, the property has kitchen facilities and a coveted five-plus-five-plus-five-year net lease and access to building amenities like the heated pool, gym, sauna and spa.
“In the face of a global pandemic and rising interest rates, retail investments on the North Shore have displayed an impressive level of strength and resilience. The North Shore market has defied expectations, demonstrating its unwavering potential amidst challenging economic conditions,” Mr Mullin said.
Notable recent transactions by Colliers Sydney North include Suite 1, 75-77 Pacific Highway, Waitara, which sold at a net yield of 5.04 per cent, and GF2, 7 Help Street in Chatswood which sold at a net yield of 2.6 per cent.
Milsons Point is one of Sydney’s most desirable suburbs, with a significant amount of investment and development looking to capitalise on the precinct’s strong market fundamentals. Included in this is the North Sydney Olympic Pool Development and Sydney Harbour High Line, while it is located close new large scale commercial and residential developments.
Developed by Mirvac in 2006, the premier Latitude building is a 23-storey mixed use tower that comprises 111 residential units, six retail/commercial suites and 3 levels of basement parking for 118 cars.
Shop 1, 55 Lavender Street in Milsons Point is for sale via private treaty.
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