Sat Feb 15 13:00-13:30
This exceptional mixed-use property offers a unique opportunity to purchase a freehold both commercial and residential investment in the heart of Arncliffe. Ideally located with excellent exposure to Wollongong Road, suitable for a range of uses from retail to office spaces. It is short walk to Arncliffe Station and providing fantastic accessibility and visibility.
Buyers will benefit from immediate rental income, with the opportunity for rental uplift, and options to occupy part or the whole property in the future.
Features,
? Ground Floor (Commercial and Residential):
- Spacious commercial area benefits from high foot traffic, external signage potential and making it perfect for a variety of businesses.
- Rear lane entry to a One-bedroom flat with kitchenette, bathroom and external laundry (Currently tenanted at $450 a week)
? Upper Level (Residential):
- Rear lane entry to a One-bedroom flat with lounge room, kitchenette, bathroom, internal laundry and balcony (Currently tenanted at $400 a week)
- Wide frontage within the busiest strip of Wollongong Road
- Great exposure to passing vehicles and pedestrians (Previous tenant was a local Doctor)
- Mixed use two-storey freehold comprising G/F retail & two one-bedroom apartments. To be sold in-one-line
- Situated in the heart of Arncliffe on a 298sqm* land parcel.
- Dual frontage providing significant traffic & signage exposure. Plentiful council parking located on Wollongong Rd and Walters St.
- Enormous potential to increase rents or occupy a prime position in the future.
- Valuable rear lane parking for three cars access from Walters Street.
- 3 x separate lots providing immediate income
- Council rate $565 per quarter
Situated in the heart of Wollongong Road's vibrant shopping strip, one of the most active and desirable commercial hubs in the area. With a choice of popular eateries, cafes, pharmacy, schools, parks and multiple transport options all within walking distance, this commercial investment ticks all the boxes.
Inspect Saturday 12.00 - 12.30pm or Call Jim on 0401671636 for any further information
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 4 | 1 | -m2 | Year 2024 Month 11 Day 29 | - | Council approved | |
 | 0.13 km | 4 | 1 | -m2 | Year 2024 Month 11 Day 08 | $2,450,000 | Council approved | |
 | 0.25 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 18 | $1,720,000 | Council approved | |
 | 0.11 km | 3 | 2 | 300m2 | Year 2024 Month 09 Day 23 | $1,150,000 | Council approved | |
 | 0.23 km | 4 | 2 | -m2 | Year 2024 Month 08 Day 23 | $1,840,000 | Council approved |