LEVEL/11-15 Alexander StreetCrows Nest NSW 2065
Property Details for Level/11-15 Alexander St, Crows Nest
Last Listing description (January 2024)
CROWS NEST FREEHOLD 400M TO METRO
CI Australia is delighted to offer 11 - 15 Alexander Street, Crows Nest to the market For Sale.
11 - 15 Alexander Street, Crows Nest is a three storey commercial freehold building with a total NLA of 580sqm and basement car parking for 7 car spaces. The property is 100% occupied by long term tenants. Short term leases also provide flexibility for a partial or entire owner occupier.
The property is perfectly located in the heart of Crows Nest being 50m from the Wooloworths / Council Car Park and 400m from the Crows Nest Metro Station due for completion in 2024. The $20B Sydney Metro project will deliver the first fully automated metro rail system in the country, with trains set to run every 3-4 minutes, enabling efficient travel from Crows Nest to the Sydney CBD in just 7 minutes. The Metro is a game changer for Crows Nest and its arrival is already facilitating a huge transformation.
11 - 15 Alexander Street has a flexible MU1 Mixed Use zoning which permits shop top housing. The property is included in North Sydney's Civil Precinct Plan which was adopted by Council in November 2020. The plan recommends an increase in the height limit on the subject property to 6 storeys.
Key Features Include:
- 100% leased Crows Nest freehold
- 580 sqm + 7 car spaces
- Strong tenant retention
- Short term leases allow future occupation
- Significant rental reversion
- Development potential (recommended height limit of 6 storeys)
- 273 sqm site area
- 50m to Woolworths / Council Car Park
- 400m to Crows Nest Metro Station
- Bus stop at its doorstep
- Over 5,000 dwellings earmarked to be developed over the next 5 years
For more information or to arrange an inspection please contact the Exclusive Agents.
Property History for Level/11-15 Alexander St, Crows Nest, NSW 2065
- 16 Oct 2023Listed for Sale $5,500,000
- 07 Jun 2021Sold - Price Undisclosed
- 06 Apr 2021Listed for Sale $5,500,000 (GST n/a)
About Crows Nest 2065
The size of Crows Nest is approximately 0.8 square kilometres. It has 4 parks covering nearly 3.0% of total area. The population of Crows Nest in 2016 was 4798 people. By 2021 the population was 4974 showing a population growth of 3.7% in the area during that time. The predominant age group in Crows Nest is 30-39 years. Households in Crows Nest are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Crows Nest work in a professional occupation.In 2021, 44.40% of the homes in Crows Nest were owner-occupied compared with 46.10% in 2016..
Crows Nest has 4,122 properties.
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