532 Riley Street, Surry Hills, NSW 2010

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.

Investment Highlights:

- 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 

To request an information memorandum or to arrange a time to inspect the property, please contact the agents.