Mixed-use property Briad House is up for sale after being owned by former actor and Tonight Show host Brian Adams for more than 30 years.
Located at 491-493 Elizabeth Street, Surry Hills, the five-storey building comprises a mezzanine, three levels of office space, and a luxury penthouse-style apartment with north-city views.
The building is set back behind a gated courtyard and features double entry doors to a New York-style granite lobby with secure lift access to every floor, along with commercial-grade tinted windows, extra height ceilings, zoned ducted air-conditioning and excellent internal acoustic qualities for a quiet working environment.
The commercial office floors have recently been upgraded with quality fit-outs and include a variety of floorplans with lock-up executive suites, partitioned office space, meeting rooms, board rooms, staff facilities, storage and communal areas.
The property is being marketed by Jaime Upton of Sydney Sotheby’s International Realty and Ray White Commercial South Sydney agents John Skufris and Peter Kotzias.
“This property is an exciting unique trophy asset to enter into the market in a prime southern CBD orientated location which will appeal to private-wealth families and astute investors seeking penthouse residency and extraordinary income,” Ms Upton said.
“With exceptional views, this is the first time the property is being sold.”
The price guide has been set to $14 million prior to the auction on October 26.
“Selling points include that the building is mixed-use, has two street frontages, rear parking and is located approximately 500m from Central Station,” Mr Skufris said.
Zoned B4 Mixed Use with a land area of 239sqm and height limit of 22m, allowing several more levels STCA, Mr Kotzias said the property would generate a lot of interest.
“We anticipate strong interest from developers, land bankers, accommodation operators and owner occupiers,” he said.