138 Victoria Street
Potts Point,

Located in the heart of Victoria Street, this three-level mixed-use residential and commercial property offers a rare opportunity in a highly sought-after location. The property is set within an original Victorian terrace and comprises four individual studio apartments, three of which feature balconies or terraces, alongside an expansive ground-floor retail space. All components are to be sold together, presenting a unique chance on this well-established Potts Point street.

The building spans three levels, with the ground floor dedicated to commercial and retail use, and the upper two levels housing the four residential studios. Each apartment is currently tenanted and maintained in good condition, demonstrating strong rental demand in their current state. The ground-floor retail area accommodates a long-standing laundromat business, benefiting from a spacious floor plan.

This property represents an excellent investment with multiple potential uses. Options include conversion into a large single dwelling, a comprehensive renovation or reconfiguration of the four studios, or even a complete redevelopment or rebuild, subject to council approval. Its prime location places it just meters from cafes, public transport, the harbour foreshore, and provides easy access to the CBD and Eastern Suburbs.

• Rare mixed-use opportunity on a coveted street
• Four studios and large retail space offered in one line
• Mixed-use zoning allowing a variety of options
• Strong tenancy demand across all studios and retail
• Long-established laundromat business on the ground floor
• Two mid-level studios and two upper-level studios
• Two front studios with balconies, lower rear studio with terrace
• Excellent investment and development potential, subject to council approval
• Multiple options to renovate, redevelop, or convert to a single home
• Close proximity to cafes, bars, restaurants, and train station