One of Double Bay’s largest commercial office buildings for sale

This substantial modern five storey commercial building has a land area of 588 sqm and a lettable area of 1,529 sqm.

A rare opportunity has arisen to acquire a substantial, modern five storey commercial building in the heart of Double Bay.

This sizeable commercial asset boasts an impressive frontage to New South Head Road and provides a key pedestrian link through to Kiaora Lane.  

With a Net Annual Rental of circa $930,000, 377-383 New South Head Road is positioned in the centre of one of Sydney’s most dynamic and prestigious markets. The redevelopment of ‘Kiaora Lands’ by Woollahra Council and Woolworths in particular has been a catalyst for change on the southern side of Double Bay, with pedestrian traffic gravitating to the exceptional amenity on offer which includes Woolworths, Dan Murphy’s, Woollahra Library and numerous cafes and restaurants.

The property is listed with Miron Solomons and Matt Pontey of Colliers, as well as Grant Whiteman of Ray White Commercial Eastern Suburbs, on behalf of vendor, KordaMentha as Receivers and Managers Apppointed.

“377-383 New South Head Road represents a rare opportunity to secure a freehold commercial building in the heart of Double Bay, one of Sydney’s most affluent suburbs. The property’s prime location, coupled with its diversified income stream, makes it an attractive proposition for investors looking for both security and growth and the flexible tenancy agreement provides opportunity for owner occupiers, looking for a new home in Double Bay’s most desirable address.” Mr Solomons said.

“In the current market, properties like this, located in highly sought-after areas with strong potential upside, are in high demand. The resilience of Double Bay’s commercial market, combined with the stabilisation of interest rates, has boosted investor confidence and increased activity.”

“The substantial frontage on New South Head Road ensures excellent exposure, while the site’s favourable zoning opens up exciting possibilities, adding long-term value to the investment.” Mr Pontey added.

“Double Bay remains a prime destination for both consumers and investors. This property is perfectly positioned to capitalise on the ongoing demand for premium commercial spaces in vibrant, affluent neighbourhoods.” Mr Whiteman said.

Double Bay has entered a golden age as new developments, eateries and entertainment options are dramatically enhancing this vibrant cosmopolitan village.

Double Bay is in the midst of one of the most exciting periods of growth with creative new mixed-use developments presenting opportunities for new businesses, restaurants, cafes and retailers to take advantage of the ongoing rejuvenation and regentrification of Sydney’s most prestigious harbourside village. This commercial office building at 377-383 South Head Road, Double Bay is for sale via Auction on Tuesday 15^th October 2024 at 5pm (AEDT).