This offering represents a fantastic opportunity for astute investors to secure high-yielding retail premises in the heart of the bustling Homebush West shopping precinct. Strategically positioned close to Flemington Train Station, Sydney Markets and major transport corridors, including Parramatta Road and the M4, there is excellent upside potential through future redevelopment (STCA).
Features:
- Total land 498m2 approx.
- Currently zoned B4 for Mixed Use - 3:1 FSR
- 2 ground level retail spaces
- Shop A Leased till 11/ 2016 (option to renew for 5 years) to Asian grocery store
- Residence on 1st floor currently leased with Shop A
- Shop B + 1 parking space Leased till 1/2018 to restaurant
- Central location allows exposure to high volume of foot traffic
- Backs onto council carpark
- Potential Gross Income: $313,875 p.a. + GST
