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450 Elizabeth St 441 - 548 SF Retail Condo Units in Surry Hills, NSW 2010
Investment Highlights
- Prime location in the heart of Surry Hills, a premier lifestyle and retail precinct.
- Easy access to Central Station, light rail, and Sydney CBD.
- Prominent Elizabeth Street frontage with strong pedestrian and vehicle traffic.
- Surrounded by popular cafés, restaurants, and boutique retailers.
Executive Summary
446 Elizabeth Street is a well-regarded mixed-use development located in the heart of Surry Hills, one of Sydney’s most vibrant and tightly held city-fringe precincts. The property enjoys a prime position with prominent Elizabeth Street frontage, ensuring excellent exposure to both pedestrian and vehicular traffic. Surrounded by renowned cafés, restaurants, and boutique retailers, the location benefits from strong local patronage and consistent foot traffic. Its proximity to Central Station, the Sydney CBD, and the light rail enhances accessibility, making it a highly desirable retail destination.
Property Facts
| Total Building Size | 82,387 SF | Building Class | C |
| Property Type | Multifamily | Floors | 8 |
| Property Subtype | Apartment | Typical Floor Size | 10,301 SF |
| Total Building Size | 82,387 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 8 |
| Typical Floor Size | 10,301 SF |
2 Units Available
Unit 6
| Unit Size | 548 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | No. Parking Spaces | 1 |
| Unit Size | 548 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
Description
Shop 6 offers approximately 51 m² of functional retail space with a prominent glass frontage that maximizes visibility and natural light. The layout is open and adaptable, making it suitable for convenience retail or similar uses. Positioned within a high-traffic corridor on Elizabeth Street, the shop benefits from strong pedestrian activity and excellent exposure. Additional value is provided by a secure on-title car space, ensuring convenience for the operator.
Sale Notes
This property is offered For Sale via Private Treaty, presenting a rare opportunity to acquire a dual-income retail investment in one of Sydney’s most sought-after city-fringe locations. The combined tenancies generate a total income of $70,000 + GST per annum, with Shop 6 secured under a 3 + 3-year lease and Shop 7 currently on a month-to-month arrangement, providing both stability and flexibility for future repositioning. With limited retail supply in Surry Hills and sustained tenant demand, this asset offers strong long-term growth potential and enduring investment appeal.
Unit 7
| Unit Size | 441 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | No. Parking Spaces | 1 |
| Unit Size | 441 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
Description
Shop 7 comprises approximately 41 m² of boutique ground-floor retail space, featuring a wide glass frontage that enhances street presence and creates an inviting environment. The open-plan layout allows for flexible fit-out options, ideal for service-based businesses or specialty retail. Located alongside Shop 6 within a vibrant mixed-use development, this tenancy enjoys consistent foot traffic and strong local patronage, making it a prime position for operators seeking visibility in Surry Hills’ thriving retail precinct.
Sale Notes
This property is offered For Sale via Private Treaty, presenting a rare opportunity to acquire a dual-income retail investment in one of Sydney’s most sought-after city-fringe locations. The combined tenancies generate a total income of $70,000 + GST per annum, with Shop 6 secured under a 3 + 3-year lease and Shop 7 currently on a month-to-month arrangement, providing both stability and flexibility for future repositioning. With limited retail supply in Surry Hills and sustained tenant demand, this asset offers strong long-term growth potential and enduring investment appeal.
Interior
Interior
Presented by
IB Property
450 Elizabeth St
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