Eastern suburbs trophy collection, the ultimate investment opportunity

A key retail, commercial and residential property collection in Sydney’s Eastern Suburbs is offering investors a rare opportunity to secure three adjoining trophy freeholds in this tightly held dress circle position.

‘The Queen Street Collection’ is distinctly positioned at 74, 76 and 78 Queen Street in Woollahra’s prized tree lined enclave. The prominent Queen Street retail is underpinned by renowned covenants Olsen Gallery, Tanora and Lakshmi and further secured by residential & commercial accommodation on Smith Street and Halls Lane.

The 402sqm corner block offers a diverse NET income of approximately $320,000 per annum.

The Colliers team of Matt Pontey and Miron Solomons have the exclusive listing, with price expectations of over $11 million.

“The opportunity to acquire three adjoining buildings in this strip on such a large parcel of land is rare and provides the ultimate investment opportunity in a market which has seen soaring residential growth continue into 2024. The retail precinct has always been tightly held, complimented by residential demand which also continues to see growth, Mr. Pontey said.

“There is something special about Queen Street, Woollahra. Aesthetically this is undoubtedly Sydney’s most beautiful retail strip. Home to some of Sydney’s best retailers, restaurants and galleries, you don’t have to be a local to understand why this is so tightly held. Given the rare scale of this opportunity and just how beautiful this asset is we anticipate the interest will be widespread and we are tipping engagement from both interstate and offshore investors” Mr. Solomons Added.

Sydney’s Eastern Suburbs has continued to be the go-to investment market for the ultra-wealthy and discerning investors. This was recently witnessed with the sale of The Bonython office complex in nearby Paddington by John Singleton to Annie Cannon-Brookes for more than $30 million.

Woollahra is well-served by public transportation, with Bondi Junction’s major transport hub nearby, ensuring seamless connectivity to Sydney’s CBD and surrounding areas.

‘The Queen Street Collection’ at 74, 76 & 78 Queen Street, Woollahra will be offered for sale via Public Auction on Thursday, 2 May 2024.