Property Details for 1 Butt St, Surry Hills
Last Listing description (November 2021)
Spectacular Surry Hills Freehold Investment with Secure Lease
I.B Property in conjunction with JLL take pleasure in presenting 1 Butt Street, Surry Hills for sale by way of public auction commencing 10am Thursday 25th November 2021 at Cooley Auction House, Level 5, 1 Margaret Place, Sydney.
Positioned ideally between bustling Elizabeth Street and Devonshire Street and footsteps from Central Station and the light rail, 1 Butt Street is a showpiece of high end, City Fringe converted warehouse accommodation.
This rare and significant offering presents the opportunity to purchase a versatile and high quality asset in a high conviction growth precinct.
The property, originally three separate buildings occupied as a printing warehouse for decades before its 2009 office conversion, boasts secure income that is underwritten by a whole building lease to an international tenant.
The asset's quality refurbishment and strong covenant positions the asset for solid capital growth.
Key Investment Highlights:
- 1350sqm NLA
- International tenant covenant until May 2025 plus 4 year option
- High quality refurbishment
- 658sqm Land
- Three floors with lift access
- Amenities and Kitchen on every floor allowing for ease of split tenancies in future
The asset is located in the heart of Surry Hill's thriving commercial district is in close proximity to benefit from Sydney's Infrastructure Core. 1 Butt Street is positioned to be less than 650m from the city defining Tech-Central Precinct.
For more information or to organise a private inspection, please contact the exclusive agents:
I.B Property
Shane Blackett
0410 093 392
JLL
Mitch Noonan
0423 931 119
James Aroney
0423 931 119
Property History for 1 Butt St, Surry Hills, NSW 2010
- 29 Nov 2021Sold - Price Undisclosed
- 27 Oct 2021Listed for Sale Contact Agent
- 18 Jun 2018Listed for Rent - Price not available
Recent sales nearby
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0About Surry Hills 2010
The size of Surry Hills is approximately 1.3 square kilometres. It has 17 parks covering nearly 9.2% of total area. The population of Surry Hills in 2016 was 16412 people. By 2021 the population was 15828 showing a population decline of 3.6% in the area during that time. The predominant age group in Surry Hills is 30-39 years. Households in Surry Hills are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surry Hills work in a professional occupation.In 2021, 32.20% of the homes in Surry Hills were owner-occupied compared with 32.30% in 2016.
Surry Hills has 13,740 properties. Over the last 5 years, Houses in Surry Hills have seen a 45.74% increase in median value, while Units have seen a 9.26% increase. As at 31 January 2026:
- The median value for Houses in Surry Hills is $2,600,579 while the median value for Units is $977,758.
- Houses have a median rent of $978 while Units have a median rent of $800.
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