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1 Butt St 17,707 SF Office Building Surry Hills, NSW 2010 For Sale
Investment Highlights
- Secure long-term lease with 3.5% annual reviews
- Recently refurbished across three levels
- Located in Surry Hills’ commercial hub
- Fully leased to Special Group until 2032
- Underdeveloped envelope with GFA potential
Executive Summary
1 Butt Street offers investors a blue-chip opportunity to secure a premium commercial asset in one of Sydney’s most dynamic and tightly held markets. Fully leased to Special Group Australia until 2032, the property delivers a passing net income of $1,258,650 per annum with fixed annual increases, ensuring long-term income security.
The building’s recent refurbishment, combined with its strategic location and underdeveloped building envelope, positions it for both immediate performance and future growth. With a permissible GFA of 1,645 m², the property offers latent development potential in a precinct benefiting from significant infrastructure investment and sustained tenant demand.
This is a rare chance to acquire a core city fringe asset with strong fundamentals, long WALE, and exceptional upside potential.
The building’s recent refurbishment, combined with its strategic location and underdeveloped building envelope, positions it for both immediate performance and future growth. With a permissible GFA of 1,645 m², the property offers latent development potential in a precinct benefiting from significant infrastructure investment and sustained tenant demand.
This is a rare chance to acquire a core city fringe asset with strong fundamentals, long WALE, and exceptional upside potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
17,707 SF
Building Class
C
NOI
$1,210,720 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,902 SF
Building FAR
2.50
Lot Size
0.16 AC
Amenities
- Reception
- Natural Light
- Open-Plan
- Air Conditioning
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1 Butt St
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