An integral part of St Johns Road's celebrated streetscape, this prominent Mixed Use terrace presents a rare opportunity to secure a freehold building just down from the historic Glebe Town Hall at the gateway to Glebe and the University of Sydney. A high-yielding investment opportunity with a residential development upside, the first floor is dedicated to an established restaurant/cafe while the upper levels feature a self-contained whole-floor apartment plus a three-bedroom flat on the upper level. An exciting opportunity to secure your place in this renowned dining hub, the wide-fronted terrace features excellent exposure to both pedestrian and vehicle traffic and a strong income stream. A secure investment with an excellent development upside, this exceptional commercial/residential property captures city views from a unique rooftop terrace and features rear lane access to garaging.
- Mixed Use terrace with a 6.8m frontage on a dual access block
- High profile location in the coveted St Johns Rd shopping village
- Restaurant/commercial and dual level residential on one title
- Mediterranean fusion restaurant/cafe, capacity for 60-80 diners
- Over 200sqm retail with a commercial kitchen and grease trap
- 2 outdoor dining areas including a garden courtyard and terrace
- Fully licensed restaurant on a three-year lease (expires 2024)
- Designer first floor residence with a terrazzo island kitchen
- Large bedroom plus a home office and 45sqm rooftop terrace
- Upper level 3 bed residence with roof terrace and city views
- Whole floor restaurant/cafe yields $67,000 per annum approx
- First floor (12 month lease) yields $44,200 per annum approx
- Second floor (12 month lease) yields $28,600 per annum approx
- Prime investment, gross annual income $139,8000 approx
- B1 Neighbourhood Centre with 12m maximum building height
- Highly sought after city fringe location, strong capital growth
- Rates: Water $2334pa, Council $4069pa (Both approx.)
Contact Matthew Carvalho 0404 006 744
Kristian Morris (Ray White Commercial) 0411 415 297
