24 Milton St N

Ashfield NSW 2131

727 m²

House

Currently for sale - view listing

Overview

Mechanical Workshop + Residential Home + Future Development Opportunity or Owner Occupier

A rare opportunity to secure a substantial mixed-use holding in one of Sydney's tightly held Inner West precincts, offering strong existing income together with exceptional future redevelopment potential or owner occupier opportunity. Occupying approximately 727sqm with valuable dual street frontage, this versatile property comprises a separate mechanical workshop with office and a spacious three-bedroom residence with a courtyard zoned E4 Commercial. A substantial rear land portion of the site is currently zoned R2 Low Density Residential and forms part of a broader precinct-wide rezoning proposal that has progressed through Council and is currently awaiting final State Government approval to be rezoned to R4 High Density Residential. This presents an exciting opportunity for future redevelopment potential (STCA). The balance of the property is zoned E4 General Industrial, providing a wide range of industrial, warehouse, logistics, trade and business opportunities. Ideally suited to investors, developers, owner-occupiers and businesses seeking a strategic Inner West location, this is a rare chance to secure a property with both immediate income and long-term growth potential. **Property Highlights:** • Approx. 727sqm landholding with valuable dual street frontage • Mixed zoning comprising E4 General Industrial and R2 Low Density Residential • Rear R2 section currently subject to a proposed rezoning to R4 High Density Residential (awaiting final State Government approval) • Part of a wider precinct currently undergoing rezoning from R2 to R4 • Exceptional future redevelopment potential for high-density residential development (STCA and subject to rezoning approval) • Established mechanical workshop (council approved) • Separate three-bedroom residence with courtyard and large attic. • Strong dual-income investment with multiple income streams • Excellent opportunity for owner-occupiers, investors and developers • Highly sought-after Inner West location • Easy access to Parramatta Road, City West Link, Sydney CBD and major transport corridors Whether you are an investor seeking reliable income, a developer looking to capitalise on the proposed rezoning, a business owner wanting to secure your own premises, or a buyer searching for a rare mixed-use asset in a tightly held location, this property represents an outstanding opportunity with both present-day returns and future upside.