SORTING OFFICE 8 combines retail, commercial and residential it really is a triple treat!

Constructed in 1938 and referred to as Australia Post – Sorting office 8 at 206 Alison Road, Randwick has been completely restored capitalising on sheer volume and balance between levels, in essence allowing transformation of the Ground Level into a combination of retail and commercial suites whilst the upper level has been transformed into three sensational New York Styled Warehouse Apartments reminiscent of the famous neighbourhood – Tribeca.

Completely rebuilt in 2013, the current zoning allows each loft apartment to be occupied for either residential or commercial use.

More important features of Sorting office 8 include :

*Complete security via intercom from Alison Road

*Metal framed windows, security doors, balustrades, staircases and exposed RSJs steel framing the individual loft rooms above the main living areas

*Open plan living / working environments superb natural light and privacy

*European Oak flooring amongst powder coated steel RSJs

*Galley styled kitchens featuring solid 80mm Csar-stone bench tops and built-in laundry

*Complete state-of-the-art bathrooms

*Loft suites benefit from soaring 8m high cathedral ceilings, sky lights & exposed timber trusses with louvered privacy screens

*Private lift including dual stair access to all levels

*Fire compliant as per Australian Standards

*4 car parking with potential for more

*570m2 gross area plus parking approx.

ATTENTION INVESTORS!

INCOME UPPER FLOOR (A)
Income of Apartments 1, 2 & 3 = $137,800.00 +GST

CURRENT INCOME LOWER FLOOR (B)
$132,500.00 +GST as at 23.07.13

TOTAL COMBINED INCOME (A) + (B)
$270,300.00 +GST

LIFT ACCESS
Lift access is available to all levels

PROPERTY SIZE SUMMARY
refer to survey

GROUND FLOOR
Suite 1 : 55m2 LEASED – DALIA RAY REAL ESTATE
Suite 2 : 185m2 LEASED – AUST. FEDERAL GOVERNMENT

UPPER LEVEL
Suite 1: 93m2 AVAILABLE POST AUCTION $ 750pw
Suite 2 : 117m2 AVAILABLE POST AUCTION $ 950pw
Suite 3 : 120m2 AVAILABLE POST AUCTION $ 950pw

TOTAL : 570m2 TOTAL INCOME $270,300.00* + GST

TITLE DETAILS
Lot 202 in Plan Number DP 1171099

GROSS AREA
Five hundred and seventy meters squared (570m2 approx.)

FRONTAGE
Thirteen point six two meters (13.62m approx.)

UNDER DEVELOPED FSR
Currently 1.6 : 1 (approved for 2.2 : 1) STCA add approx. 200m2

OUTGOING SCHEDULE
Council Rates $5,751.50 per annum (land value $940,000)
Water Rates $1,197.00 per annum
Land Tax $8,644.00 per annum
Insurance $3,800.00 per annum ( approx.)

DISCLAMER
All information has been gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

CO AGENT: SIMON DOAK McGRATH ESTATE AGENTS 0413 811 420