138 Victoria Street, Potts Point, NSW 2011

$2,950,000

Block Of Units
Type
4
Bedrooms
4
Bathrooms

Last updated on Monday, July 06, 2026 ( See property details for 138 Victoria Street, Potts Point, NSW 2011)

$2,950,000

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A unique mixed-use investment opportunity in Potts Point featuring four studio apartments, a long-standing retail laundromat, and exceptional development potential (STCA).

🏡 Property Highlights

  • Rare mixed-use property in a coveted Potts Point location
  • Four fully tenanted studio apartments with balconies and terrace
  • Expansive ground-floor retail premises with established laundromat
  • Excellent scope for renovation, redevelopment, or conversion (STCA)
  • Prime position just metres from cafes, transport, and harbour foreshore
  • Potential for a complete rebuild or reconfiguration of the property

✨ Key Features

  • Balcony
  • Outdoor Area
  • Open-Plan Living
  • Home Office / Study
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Garage / Secure Parking
  • Waterfront / Views

Potts Point is a vibrant Sydney suburb renowned for its historic charm, eclectic cafes, and proximity to the CBD. It offers excellent transport links, stunning harbour views, and a lively cultural scene, making it highly desirable for both residents and investors. The area boasts a mix of heritage-listed buildings and modern developments, ensuring a unique and dynamic community atmosphere.

What are the current rental yields for the studio apartments and retail space?
The studios and retail space are all tenanted with strong demand, providing attractive rental yields based on current market conditions.
What are the potential redevelopment options for this property?
Subject to council approval (STCA), options include converting the property into a single residence, extensive renovations, or a complete rebuild to maximise its potential.
Is there scope for changing the configuration of the existing studios?
Yes, there is potential to reconfigure or upgrade the studios to suit different uses or improve rental appeal, subject to planning consent.
What are the zoning restrictions and development guidelines?
The property is zoned for mixed-use, allowing a range of development options, with specific guidelines available from the local council.
Are there any known planning or building restrictions?
All proposed changes are subject to council approval (STCA), and any restrictions related to heritage or building codes should be verified.
Are there any hidden costs associated with the property's current condition or upcoming maintenance requirements? Has the property been assessed for flood or bushfire risks in this area? Are there any existing easements, covenants, or zoning restrictions that could impact redevelopment plans? What are the strata or body corporate fees and regulations, if applicable? Is there any ongoing or planned nearby construction that could affect the property's value or livability? Are there any issues with the property's compliance with building codes or heritage protections? What are the long-term plans for infrastructure or transport developments in the vicinity? Are there any known environmental concerns or contamination issues on the site? What are the terms of the existing tenancy agreements, and are there any upcoming lease expirations? Are there any restrictions on converting the retail space or studios into a different use?

138 Victoria Street, Potts Point, NSW 2011 - More Details

$2,950,000

Type
Block Of Units
Bedrooms
4
Bathrooms
4

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