43-51 Brisbane Street, Surry Hills, Sydney
The commercial office floors of this property were purchased off market by Marks Henderson Funds Management in August 2016 for $13.05 million providing an initial return on funds invested in excess of 6% per annum.
The property, which is close to the Sydney CBD, is known as The Surry, was designed by Architects, Bates Smart and redeveloped by the Peloton Group in 2013.
Originally built in 1940 for Twentieth Century Fox Film Corporation, Peloton has completely transformed this heritage property to provide ground level car parking, two (2) floors of high specification offices totalling 1311 sqm with a basement car park and film vaults together with fourteen apartments over the next two (2) floors.
The apartments have been sold to individual owner-occupiers and investors and the offices which have been leased to Architects, Bates Smart for ten (10) years to 1 January 2024, have been acquired by Marks Henderson Funds Management.