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  • Building

    760m²

Mercer Property, together with IB Property, is proud to present 532 Riley Street, Surry Hills to the market for sale.

This architectural landmark meticulously crafted by the award-winning practice Those Architects and a finalist in the Australian Interior Design Awards for Best Workplace. Re-purposed into a highly functional, inspiring creative office and showroom, the property offers a rare opportunity to secure a well-leased investment in one of Sydney's most tightly held city-fringe destinations.

532 Riley Street is approximately 760 sqm over two levels, leased in its entirety to Molteni Australia Pty Ltd - the local entity of 90-year-old Italian furniture house Molteni&C. Leased on a 9.5-year lease backed by a parent-company guarantee from Molteni Group S.p.A. The tenant pays 100% of outgoings, with fixed annual increases providing secure, growing income.

Property Details

  • Large land holding of 427 sqm*
  • Internal building Area 760 sqm*
  • LGA: City of Sydney
  • Zoned: MU1 Mixed Use
  • Floor Space Ratio 1.5:1
  • Building Height: 12 m
  • Tenant: Molteni Australia Pty Ltd
  • Current Net Income: $734,500.00* per annum + GST and increasing to $750,000* net in December 2026
  • Outgoings: $71,561.29* per annum 100% recoverable from the tenant

*Approximately

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