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46-48 MacPherson St 3,208 SF 100% Leased Retail Building Bronte, NSW 2024 For Sale
Investment Highlights
- Located in Sydney’s affluent Eastern Suburbs, with a resilient and high-spending demographic.
- Situated in Bronte’s core retail and dining strip, minutes from world-renowned beaches.
- Prominent corner freehold position with dual street frontage and excellent exposure.
Executive Summary
This exceptional freehold offering represents a rare opportunity to acquire a trophy corner holding in the heart of Bronte’s village precinct, one of Sydney’s most prestigious coastal markets. Just minutes from Bronte Beach, Tamarama, and Bondi, the property occupies a tightly held corner with dual street frontage along Macpherson Street and Lugar Street, providing outstanding visibility and exposure.
Comprising a two-level commercial and residential building totaling 298 m² on a 398 m² site, the property offers flexibility and growth potential. Currently fully leased to Lucas Quality Meats, a renowned local business with over 48 years of trading history, the asset delivers stable income while presenting significant value-add opportunities (STCA). With a zone designation of E1 Local Centre, future redevelopment or reconfiguration options further enhance its investment appeal.
Surrounded by vibrant cafes, retail operators, and affluent residential catchments, the site benefits from consistent foot traffic and a strong local economy. Notably, Bronte is part of Sydney’s exclusive Eastern Suburbs, home to some of the highest-earning postcodes in Australia, generating more than $15 billion in annual economic output.
Comprising a two-level commercial and residential building totaling 298 m² on a 398 m² site, the property offers flexibility and growth potential. Currently fully leased to Lucas Quality Meats, a renowned local business with over 48 years of trading history, the asset delivers stable income while presenting significant value-add opportunities (STCA). With a zone designation of E1 Local Centre, future redevelopment or reconfiguration options further enhance its investment appeal.
Surrounded by vibrant cafes, retail operators, and affluent residential catchments, the site benefits from consistent foot traffic and a strong local economy. Notably, Bronte is part of Sydney’s exclusive Eastern Suburbs, home to some of the highest-earning postcodes in Australia, generating more than $15 billion in annual economic output.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,208 SF
Building Class
C
NOI
$224,495 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.10 AC
Frontage
43’ on MacPherson Street
Nearby Major Retailers
1 of 8
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46-48 MacPherson St
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