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Strategic Commercial Opportunity – Shop & Residence with Two Street Frontage

Agents & Co in conjunction with Sydney Wide Property are exclusively selling this amazing property with upside to re-develop or retain as a perfect commercial/residential investment being offered for the first time in more than 40 years. Located on the fringe of the desirable Newtown & Marrickville precinct that is for ever growing with new eateries, distilleries & major retailers. This property is surrounded by the likes of IKEA, Bunnings & Decathlon. This property is located in a very high traffic vehicle access location with timed on street parking in front.

Currently Consisting Of:
• 3 x retail shops
• 1 x 2 bedroom & 1x 3 bedroom residential apartments
• Two street frontages with rear lane access to ample off street parking & lock up garage
• Zoning B5 - business development
• FSR 1.5 to 1
• Permissible Building Height 14m
• Currently 1 x shop tenanted & 1 apartment tenanted
• Current Gross Income: $38,479.96 pa
• Potential Rental Income If Fully Leased: $98,279.96 pa

Shop 719: $15,600pa Potential
Shop 721: $11,439.96pa Current
Shop 723: $20,800pa Po ...