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356 South Dowling Street, Paddington NSW
South Dowling Street Landmark | Trophy Asset with Development Upside
Prominently located on South Dowling Street this substantial three-storey landmark building has been occupied by local favourite, Organic Bread Bar, for 10+ years.
Behind the character façade presents approximately 320sqm of office accommodation with the top floor currently being used as an oversized 2 bedroom, 2 bathroom apartment.
Both floors enjoy entertainer's style balconies with sprawling views towards the CBD.
The building presents as an exceptional passive investment with a potential passing income of $380,000 per annum.
Further opportunities exist to capitalise on the superior location with an additional floor and rooftop terrace (STCA).
- Iconic Paddington Freehold situated on approximately 161sqm of land
- Low maintenance, passive investment ideal for self-managed superfunds
- Potential development upside to increase revenue streams (STCA)
- Large, open-plan floor plates with soaring ceilings and M/F bathroom amenities on each floor
- Ducted air conditioning, back to base security systems and double-glazing throughout
TRG Commercial is pleased to present 356 South Dowling Street for sale via private treaty.
TRG is synonymous with Sydney's elite property. A real estate agency built on a commitment to challenge the traditional and continually deliver for our clients.
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