Extraordinary Warehouse Conversion: Ideal Investment or Owner-Occupier HQ
Step into a world of endless possibilities with 830 Elizabeth Street. The meticulously transformed commercial gem boasts awe-inspiring architecture, with stunning sawtooth roofs and vaulted ceilings that pay homage to its industrial roots.
Whether you're an investor seeking lucrative returns or an owner-occupier looking to make your mark, this 830 Elizabeth Street offers the best of both worlds. With current leases set to expire in early 2026, there's ample opportunity to tailor the space to your needs or capitalise on rental reversion.
FEATURES INCLUDE:
• Offering individual suites from 158sqm to 2170sqm.
Suite 1: 983sqm
Suite 2: 953sqm
Suite 3: 158sqm
Suite 4: 176sqm
• 100% fully leased building
• Both tenants have lease expiries in early 2026
• Amazing refurbishment, including modern A/C, all services, and fit outs.
• Currently under-rented with rental reversion available
• Current NET annual income of $1,608,000 per annum
• 2,170 sqm Net Lettable Area
• Secure Parking for 23 cars.
• Typical suites enjoy abundant natural light, private amenities, high ceilings and incredible fit-outs.
• Bus stops are located directly outside the property, connecting tenants to Green Square Station, Sydney CBD, or Central Station.
THE OPPORTUNITY:
830 Elizabeth Street, Waterloo, is more than just a building; it's a living testament to history and innovation. The property has undergone a meticulous transformation. Once home to the renowned Chubb factory, this iconic warehouse conversion offers a rare chance to own a piece of Waterloo's vibrant legacy, emerging as one of South Sydney's premier commercial assets.
This architecturally striking building spans multiple levels, offering versatile spaces with good natural light and boasting heritage sawtooth roof and vaulted ceilings with a nod to its former use.
Featuring modern amenities and facilities, the property provides a seamless blend of functionality and style. With ample parking, secure access, and premium finishes, it presents an unparalleled opportunity for investors seeking a lucrative return in a rapidly evolving market.
Tenants like Sonder and Bec+Bridge, renowned for their stability and success, further enhance this exceptional property's appeal. With both tenant's leases expiring in early 2026, there is an option for owner-occupiers to acquire now and move in later. Investors could further subdivide the asset, offer smaller suites to the leasing market, or take advantage of some rental reversion.
LOCATION
Nestled in the heart of Waterloo, 830 Elizabeth Street enjoys a prime location. The property is right opposite the recently renovated Waterloo Oval, a 7-minute walk to the Green Square train station and a short walk to various café/restaurants, gyms, childcare centres, and large retail complex brands, including Woolworths.
The property is located on bustling Elizabeth Street and boasts easy access to various public transport links; the entire city is within reach. Access by car is easy as multiple motorways are located right on its doorstep, including the newly opened M8 and the Eastern Distributor, which runs through Waterloo with an exit ramp less than a five-minute drive from the site.
For further information or to arrange an inspection, don't hesitate to get in touch with the selling agents listed below:
Daniel O'Brien - X Commercial: 0404 860 747
Joshua Watts - Karbon Property: 0411 785 961
Charles Bowmer - Karbon Property: 0478 725 182
Remember to mention you found this property on CommercialReady
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