This property features a substantial department store spanning approximately 183,689 square feet across six levels, including a ground floor and five upper floors. An additional four smaller retail units are situated along New George Street, collectively offering around 14,398 square feet and providing a mix of potential uses. Historically part of the larger department store, these units are now fully self-contained, presenting opportunities for diverse retail or commercial applications.
Positioned at a prominent corner site bordered by Royal Parade to the south and Armada Way to the west, this location boasts high visibility and pedestrian traffic. The well-designed floorplates of the main building are rectangular in shape, optimizing space and allowing for ample natural light through numerous windows on all sides.
The property includes access to a rear courtyard via New George Street, ideal for deliveries or outdoor use. Additionally, there is a goods entrance equipped with a roller shutter door for convenient loading operations. While it’s important to note that the rear loading yard is maintained by the Council and not included in the sale, this feature emphasizes logistical advantages for operations.
Given its size and configuration, this property presents significant renovation and investment potential. With strategic updates and creative redevelopment efforts, it could be transformed to enhance its appeal in a vibrant urban setting. This asset provides a unique opportunity for investors looking to capitalize on an adaptable space in a busy commercial area.
