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46A Macleay St 4,542 SF Retail Condo Unit Offered at $3,551,550 in ELIZABETH BAY, NSW 2011
Investment Highlights
- Mixed-use configuration
- Excellent connectivity with Kings Cross Station within walking distance
- Prominent position along Macleay Street
- Abundant natural light
- Located within a heritage conservation area
Executive Summary
46A Macleay Street occupies a substantial site in the Elizabeth Bay/Potts Point precinct, an established inner-city area of Sydney. The property comprises a multi-level building with a large ground-floor footprint and upper levels, forming part of a mixed-use structure that accommodates retail, commercial, and residential components. The building is positioned along Macleay Street, a primary thoroughfare lined with heritage architecture, boutique shops, and dining venues. The site is located within a high-density urban environment and is subject to heritage conservation controls, reflecting the historic character of the Potts Point and Elizabeth Bay area. The property benefits from excellent access to public transport, with Kings Cross Station within walking distance and multiple bus routes along Macleay Street. Surrounding land use is predominantly residential apartments with ground-floor retail, supported by nearby supermarkets, hospitality venues, and essential services. The building’s configuration and scale indicate a significant floor area relative to the site, with a high site coverage typical of inner-city strata developments. The property’s location offers proximity to Sydney’s CBD, major arterial roads, and local amenities, making it a prominent and well-connected asset within a tightly held precinct.
Property Facts
| Total Building Size | 59,288 SF | Floors | 5 |
| Property Type | Office (Condo) | Typical Floor Size | 9,881 SF |
| Building Class | B |
| Total Building Size | 59,288 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 9,881 SF |
1 Unit Available
Unit 70
| Unit Size | 4,542 SF | Sale Type | Investment |
| Price | $3,551,550 | Cap Rate | 5.88% |
| Price Per SF | $781.94 | NOI | $208,831.15 |
| Condo Use | Retail | APN/Parcel ID | CP/-/SP80345 |
| Unit Size | 4,542 SF |
| Price | $3,551,550 |
| Price Per SF | $781.94 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| NOI | $208,831.15 |
| APN/Parcel ID | CP/-/SP80345 |
Description
This property is a 422sqm strata-titled retail lot within a mixed-use building in the heart of Potts Point. Positioned on the ground floor with a commanding corner frontage along Macleay Street and Crick Avenue, the space benefits from excellent visibility and accessibility. The building is surrounded by a vibrant mix of residential apartments, boutique retail, and high-end dining venues, creating a strong and consistent customer base. The strata structure offers flexibility for future subdivision or reconfiguration (STCA), enhancing long-term value potential.
Sale Notes
This premium strata-titled retail investment offers a rare opportunity to secure a high-performing asset in the heart of Potts Point, one of Sydney’s most affluent and densely populated suburbs. Positioned on the prominent corner of Macleay Street and Crick Avenue, the property benefits from exceptional exposure and strong foot traffic, surrounded by leading retailers and dining destinations. Leased to Petbarn Pty Ltd, Australia’s leading pet specialty retailer, the asset provides a secure six-year net lease commencing March 2025, with two five-year options extending to 2041. The lease includes fixed annual rental increases of 3.5%, delivering predictable income growth, and the tenant is responsible for all outgoings. With a Net Operating Income of $294,000 per annum + GST (effective March 2026) and a purchase price of $5,000,000, the property offers an attractive yield of approximately 5.88%. Featuring 422 m² of ground-floor retail space, a rare loading dock, and an 11.2-meter frontage, this is one of the largest remaining retail footprints in Potts Point, with future strata subdivision potential (STCA) adding long-term value.
Interior retail space
Interior retail space
Presented by
46A Macleay St
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