This is an exceptional opportunity to acquire a substantial development site in the heart of Ashfield's tightly held retail precinct. This mixed-use property is currently offered as two contiguous freehold titles with rear lane access, comprising ground-floor retail premises with residential accommodation above. Located in arguably Liverpool Road's best position, directly opposite Ashfield Mall, this is an outstanding opportunity for developers and astute investors to unlock its immense potential. With a substantial holding income and flexibility for redevelopment timing, this site is situated just 100m Approx. from Ashfield Train Station and offers ease of access, being only 8 kilometres from Sydney CBD. Key features include: - Ideally located in the Ashfield Town Centre precinct, directly across from Ashfield Mall - Consolidated mixed-use holding offered in one line as two contiguous freehold titles, improving developer feasibility and design optionality - Both titles comprise ground-floor retail premises with residential accommodation above - Rear lane access via The Esplanade supports servicing, parking and design efficiency (STCA) - Combined site area of 704m² Approx. - Zoned E2 - Commercial Centre (Inner West LEP 2022) - Development controls; FSR 3:1 | Height limit 23 m (approx. 6 storeys) - Indicative development capacity of 2,112 m² GFA based on FSR (STCA) - Existing retail leases provide holding income with demolition clauses (shops), enabling a feasibility led acquisition approach while allowing flexibility for future redevelopment timing (STCA). - Existing retail leases provide holding income and flexibility for redevelopment timing, including demolition clauses (STCA) - Potential holding income of approximately $172,841.31 per annum + GST. - Strategically positioned in a high growth precinct only 100m to Ashfield railway station and within 20 minutes' drive or train to Sydney CBD - Surrounded by well-known restaurants and close by to Five Dock, Haberfield, Burwood and Croydon 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.
