Hampshire & Lowndes's former Cross Street, Double Bay listed
Staff reporterDecember 7, 2020
A Cross Street, Double Bay property - that once housed one of Sydney's shopping mecca Hampshire & Lowndes - has been listed with estimated $15 million hopes.
The 329 sq m site at 12 Cross Street has been held for more than 20 years.
The shop was long run by Jilly Hampshire and Susan Lowndes. It now consists of five retail tenancies and five commercial tenancies.
Sarah Lowndes has been a director of the vendor company since 1976. The current shareholders are listed as Hugh Norton and Clive Mansell.
The commercial property is fully leased to 11 retail and commercial tenants.
Colliers International has the offering of the first Double Bay freehold commercial property set to be auctioned in many years, Fairfax Media advised.
The street has seen two development projects unveiled by two major developers on the street, Toga and SJD.
Toga is developing the site at 16-18 Cross Street into a 13-unit project called The Hunter, while SJD has a double landholding at 20-26 Cross Street and 28-34 Cross Street for units.