632 Bourke Street, Surry Hills
Introduction
McGrath is pleased to present to the market 632-634 Bourke Street, Surry Hills for sale by way of Public Auction – November 17th onsite at 12.00pm. An award-winning masterpiece and city fringe architectural landmark, 632-634 Bourke Street, Surry Hills The HQ of architectural firm Smart Design Studio and home of William Smart is a multilayered mixed-use adaptation of two meticulously restored historic buildings. Offering exceptional versatility and a multitude of possible configurations, the unique commercial and residential development comprises of flexible and functional office interiors, as well as a sublime two-bedroom rooftop penthouse. It has a rare three street frontage with independent access to Bourke and Ridge Streets, and occupies a prominent corner position in the heart of Surry Hills. The north-facing building consists of a basement, two levels of design studio and a rooftop apartment and heritage stables at the rear. It’s rare to find a property of
this calibre in this location, which is about to be transformed by the new light rail that will be operational early 2019. Having outgrown the space, Smart Design Studio will soon be moving to its new home and now the opportunity awaits for a lucky owner occupier or investor to call 632 Bourke home. The property provides an array of configurations such as a full commercial HQ or a mixture of commercial and multi residential apartments or one extremely generous home. The investment is a fully leased asset which generates a net income of $411,120 pa + GST.
Executive Summary
Address
632-634 Bourke Street, Surry Hills
Bed, Bath, Car
4, 3, 3
Land Area
266sqm
Internal area
500sqm
External area
80sqm
Coucil rates
$2,340pa
Water rates
$712pa
Leased Income
$62,400pa
Sales Process
Auction, 17th November 12pm, onsite
Inspections
Wed & Sat 11.00-12.00pm
Agent William Manning 0409 385 815 williammanning@mcgrath.com.au
Property Description
This landmark building celebrates the dynamic contrast between old and new In its current configuration 632-634 Bourke St comprises of two buildings being the main building and the Stables. The building occupies a prominent corner position with loads of northern light. On the lower levels, the working environment has excellent cross-ventilation and natural light and is beautifully fitted out with modern, integrated joinery and terracotta floors. The sunny courtyard, between the office and rear stables is a great breakout area and visual relief. The main building comprising of basement + 2 levels of high-quality commercial space with a sun filled penthouse apartment on the top floor. The apartment’s floorplan is simple with the living and sleeping spaces separated by an island pod, featuring concealed service spaces including bathrooms, kitchen & bedroom storage. The apartment is surprisingly private and green: with an abundance of glass looking over the mature trees of Bourke and Ridge Streets. The brightness and connection to the outdoors is one of the most remarkable features of this property; a building that has been the recipient of several Architecture and Interior Design awards. Towards the rear of the property along Ridge Street features the Stables.
Current Plans BALCONY
BALCONY
ROBE
BALCONY
ROBE
TERRAC 4.7 x 4
BED 3 3.3 x 4.1m BED 2 4.8 x 6.8m
MASTER SUITE 4.8 x 6.4m
FP
LIVING 4 x 6.5m
WALK-IN ROBE
DININ 5.9 x 5
ROBE CUP'D
ENSUITE
LINEN
CUP'D
TV ROOM GUEST B 4.5 x 3.7
BATH
BED 4 4 x 4.2m
ROBE
ENSUITE ROBE
LAU ENSUITE
GROUND LEVEL
FIRS
ENTERTAINING DECK
POOL
DOUBLE GARAGE 4.4 x 5.7m
BED 5 4 x 4m
CASUAL LIVING / SELF-CONTAINED 9.1 x 5.8m
ROBE
BATH
KITCHEN
TERRACE
F
ROBE
STREET LEVEL
LOWER LEVEL
S c ale i n m e t re s . In d ic at iv e o n ly . A ll in f or m at i on c on t ai ne d h e re in is ob t ai ne d f ro m s ou rc e s we b e lie ve t o b e a cc u
CE 4m
KITCHEN 3.9 x 5.9m
F
BUTLER'S P'TRY
NG 5.3m
M/ BED 7m
ENTERTAINING DECK
POOL
GARDEN TERRACE
TERRACE
UNDRY
RESIDENCE
ST LEVEL
OFFICE 3.9 x 3.2m
VOID
ROBE
TERRACE CARPORT
FOYER 4.6 x 3.9m
VOID
CUP'D
Seaforth Crescent
N
TERRACE 4.4 x 4.9m
Internal 424sqm External 536sqm Land area 639sqm ENTRY LEVEL
u rat e . W e c an no t g u ara nt e e i ts a cc u rac y . I nt e re st e d p e rs o ns s ho u ld m a ke an d re l y on t he ir o w n e n q u irie s
Meticulous restoration of two historic buildings has created a residential space with direct frontage onto Bourke Street.
Site Overview
Property Features
The property is formed from two heritage listed buildings, originally constructed in 1860 and 1889 then fully refurbished in 2004. Conceived as a contemporary steel and glass insertion within an existing masonry shell, the building consists of two levels of studios and a rooftop apartment. With the existing shell of the building having been retained, large vertical apertures cut through to reveal a layer of glass louvres framed by deep stainless-steel casements.
-- Harmonious balance of old and new architecture -- Fully leased till September 2019 -- Commercial HQ or multi residential apartments -- 560m2 of internal space + 80m2 of external space -- Option to transform into one lavish residence, full commercial HQ or a multi tenanted investment -- Stone paved courtyard area features green wall, store walls and nature trees -- High end inclusions and superior finishes -- Secure electric sliding gate, car/bike parking -- Separate light rail and Devonshire Street redevelopment -- Crown and Cleveland Streets eateries and retail offerings -- New Surry Hills Shopping Centre development within walking distance -- Close to Centennial Parklands and Alfred Park and Pool
The building encapsulates its heritage with the raw treatment of the exterior faรงade with a smooth transition to a modern interior. The rooftop addition connects the double-height banks of glass louvres with an articulated aluminium roof folding down as a screen to the back of the building. The invigorated building successfully incorporates flexible and functional office interiors and a twobedroom rooftop apartment.
Location Property Location Map The property is situated on the corner of Bourke & Ridge Street, Surry Hills towards Cleveland St. This part of Surry Hills will benefit from the upcoming Surry Hills Shopping Centre as well as the future light rail which would have massive appeal to any incoming purchaser investor or 1. 632-634 Bourkeboth Street owner occupier. Some of the areas best 2. Surry Hills Shopping Centre restaurants and cafes are located within 3. Wimbo Park Development a short walk. 4. Clock Hotel
/
ChelseaBourke Street Park 1. 5. 632-634 Street 2. Surry Hills Shopping Centre 6. Bourke Street Bakery 3. Wimbo Park Development BrettHotel Whitely Studio 4. 7. Clock 5. Chelsea Street Park 8. Surry Hills Markets 6. Bourke Street Bakery 7. 9. Brett Studio SurryWhitely Hills Library 8. Surry Hills Markets 10. Belvoir Street Theatre 9. Surry Hills Library 10. 11.Belvoir Theatre Dove Street and Olive 11. Dove and Olive 12. Beresford Hotel 12. Beresford Hotel 13. 13.Dolphin Hotel Dolphin Hotel 14. Bills 14. Bills 15. 11 Baretto 16. 15.Crown Street Specialty Shops 11 Baretto 17. Prince Alfred Park Pool 16. Crown Street Specialty Shops 18. Entertainment Pool & Sports 17.Stadiums Prince Alfred Park Pool 19. Cleveland Street Food & Beverage 18. Entertainment Pool & Sports Stadiums offerings
19. Cleveland Street Food & Beverage offerings Light rail path L. Light rail stop
17
12
14
13
L
4 15 L
16
3
L 18
19 2
Suburb Profile
Surry Hills is famous for its thriving creative scene, high-density population and small-business community. A vibrant suburb on the edge of the city, Surry Hills is where head-turning fashion, gritty graffiti and street art are the norm. The suburb is known for its warm and friendly spirit, monthly market, local amenities, and annual Surry Hills Festival, all of which contribute to the community vibe. The rapidly gentrifying area hosts numerous upmarket restaurants and bars along with creative industries and style conscious emerging retailers. It is primarily home to young, working professionals with high earnings and disposable incomes. Laid back yet still bustling during the workweek, Surry Hills really ramps up at night and on the weekends. CafĂŠ culture, gourmet food stores and alfresco dining share space with a large number of small businesses lining the narrow leafy streets, lanes, and back alleys. Locals love a quick bike ride or walk to the city, and can access surrounding areas by tram, bus or train. The council continues to improve the quality of living, developing parks, playgrounds and bike lanes. An award-winning public library that sits opposite Shannon Reserve Park on Crown Street.
Eat
Drink
Takeaway
With its high-end Thai dining, it’s warm and welcoming vibe, exotic mix of cocktails pared with it’s sweet, sour and spicy dishes, Longrain Restaurant always deserves a look in.
Hidden at the back of the Clock Hotel, the dimly-lit and mysterious Whisky Room serves more than 100 different varieties, plus a range of classic and inventive cocktails.
Traditional Hawaiian seafood dish packed with cut up pieces of raw fish like ahi tuna, salmon or prawns, garnished with a rice or noodle base & drizzled in tasty condiments.
Exercise
Play
Shop
The City’s first accessible heated outdoor pool, this family friendly pool complex features the latest filtration systems and water fixtures as well as a green roof to regulate temperatures.
Covering 189 hectares, it features formal gardens, heritage buildings and sporting fields. It is used by walkers, joggers, and cyclists and contains a restaurant and an event space.
A curated concept store dedicated to showcasing fashion and lifestyle goods made with care and purpose that have been both locally and globally sourced.
Longrain Restaurant 85 Commonwealth Street, Surry Hills
Prince Alfred Park Pool 105 Chalmers Street, Surry Hills
Whisky Room 470 Crown Street, Surry Hills
Centennial Parklands Alison Road, Randwick
Fishbowl 298 Crown Street, Surry Hills
Collector Store 473 Crown Street, Surry Hills
All information contained herin is obtained from sources we believe to be accurate. We cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries.