Rarely offered to the market, this is an exceptional opportunity for an astute investor or owner-occupier to acquire a prominent mixed-use investment with significant upside in the highly sought-after commercial precinct connecting Strathfield and Strathfield South. Currently configured as two ground-floor retail shops with residential flats above, the property is offered with majority vacant possession, providing ultimate flexibility to either occupy immediately or lease out for a potential rental return of approximately $204,800 per annum net plus GST. Its prime position ensures excellent connectivity, situated just 450 metres from the nearest bus stop and a short distance from major retail hubs like Chullora Marketplace and Strathfield Plaza, making it an exciting prospect for astute investors looking to invest in a thriving locale.
Key features include:
* Land area 280 sqm*
* Internal lettable area 391 sqm*
* Mixed-use holding with two ground-floor retail shops with residential flats upstairs
* Zoned E1: Local Centre, FSR 2:1, Height of Building 11m
* Suitable for a variety of uses e.g. medical centre, dental practice, clinics, tutoring, daycare, restaurant, cafe, office spaces, salons or residential use (STCA)
* Rear lane access (via Morgan Lane)
* Potential income stream of $204,800 per annum net plus GST & outgoings*
* Selling with majority vacant possession (only flat 1/5 Cave Rd is leased out)
* Prime position close to transport, multiple shopping districts, schools, parks and amenities
*All figures are approximate
Disclaimer: We have in preparing this document, used our best endeavours to ensure that all the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained in this document.
