« Briad House » 491 493 Elizabeth Street, Surry Hills

Showcasing an
established Elizabeth Street address just 500m from Central station
exceptionally maintained and ready to occupy now, this 1,195.50sqm
approximately five-storey mixed use building is selling for the first time ever
and offers an extraordinary opportunity for those keen to invest in a rapid
growth corridor home to Sydney’s next hi-tech and innovation precinct. ‘Tech
Central’ will be the largest tech and innovation hub in Australia and provide
250,000sqm of space for technology companies and startups. The NSW Government
has invested $48.2 million to kick start development, with tech giant Atlassian
confirmed as its anchor tenant.

The solid brick and
concrete building resides on an undercapitalised footprint with potential to
maximise the airspace in line with neighbouring development [STCA], while B4
zoning allows for increased building heights of up to 22m along with improved
public space in the surrounding area as part of the planned 24Ha Atlassian
technology hub. The development is anticipated to extend from Central station
to Cleveland Street at Redfern resulting in an influx of offices, boutique
shops, restaurants and cafes. ‘Briad House’ will almost certainly benefit from
a prime position and potentially provide its investor owner with a valuable
asset and capital gains over the long term.

Comprising a mezzanine
office and commercial showroom, three levels of prime office space and a
whole-floor private penthouse, ‘Briad House’ is set back behind a gated
courtyard and features double entry doors to a New York-style granite lobby
with secure lift access to every floor, as well as commercial-grade tinted
windows, zoned ducted air-conditioning and high level internal acoustic
qualities. The commercial office floors were upgraded with expectational
fit-outs and include a variety of floorplans with lock-up executive suites,
partitioned office space, meeting and board rooms, staff facilities, storage
and communal areas.

The ground floor
showroom has a visible street frontage with direct access from the courtyard
and mezzanine office level. The three office floors above would suit a variety
of tenants such as legal houses, accounting firms, government agencies,
consultancies, media, finance or creative enterprises. Crowning the building is
an original three-bedroom floor plated penthouse converted into a bespoke
one-bedroom residence for the owner of the building to live in or enjoy as a
Sydney corporate entertaining base. The penthouse could revert to its original
three-bedroom configuration or potentially provide additional office space and
includes a wraparound terrace with a northeast to west aspect and closeup city
views. ‘Briad House’ Penthouse showcases generous living space, a large kitchen
and two bathrooms - including an ensuite to the oversized bedroom and a spa
bath in the master, plus generous storage. Framed by wide windows and a
wraparound terrace featuring a sundrenched northeast to west aspect and close city
views, including Centrepoint Tower. The penthouse is interior decorator
appointed and created for the ultimate entertainers’ luxury residence with its
outdoor barbeque and an infrared sauna on the terrace.

’Briad House’ is an
extraordinary multi-investment opportunity promising excellent returns in
featuring an upgraded CCTV security system, monitored alarm, refurbished
stairwells and secure undercover parking for up to five cars including a high
clearance loading dock with access from Little Buckingham Street at the rear. Nearby Central station, the
light rail and bus services connect the area with all points of Sydney
including the domestic and international airports. It is also just 250m to
Prince Alfred Park Aquatic Centre, 1.0km to the famous Chinatown district and
2.4km from Martin Place in the heart of the CBD. An exceptionally rare and
unique opportunity not to be missed!

Contact:

JAIME UPTON

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