115 Avoca St 11,948 SF 100% Leased Retail Building Randwick, NSW 2031 $10,068 ($0.84/SF)

115 Avoca Street in Randwick is being offered for sale via Expressions of Interest as a freehold commercial investment property located within the Randwick Junction commercial centre. The property comprises of a two-storey commercial building with a total internal floor area of approximately 1,092 sqm, situated on a site of approximately 814 sqm.
The building occupies a corner position with three street frontages to Avoca Street, Rae Street, and Lingard Street, providing multiple points of access and exposure. The improvements include ground and first-floor commercial accommodation, together with rear off-street parking for approximately six vehicles, accessed via the side streets.
The property is fully leased, offering an established holding income, with fixed annual rent reviews. It is zoned E2 – Commercial Centre under the Randwick Local Environmental Plan and is subject to an approved planning proposal that allows for mixed-use residential outcomes, with indicative controls of 18-metre height and 2.5:1 floor space ratio, subject to future approvals.