136 - 138 Sailors Bay Road

Centrally located in the popular and vibrant retail strip of Northbridge with strong passing trade, these adjoining buildings sit on a combined 480.6 sqm block of land, (No. 136 is 259.3sqm and 138 is 221.2sqm) and provides a wonderful investment opportunity with further potential for re-development (subject to council approval). On two separate titles (but offered for sale in one line) these properties comprise of two retail spaces fronting Sailors Bay Road, along with two separate office spaces at 138, accessed separately from the rear of the building. 136 is currently under the one lease, however potential is endless. Both have ample parking from seperate driveway access. Current planning controls allow for a 14m height limit (17m if ground and level 1 are for commercial use) and a Floor to Space Ratio of 2:1 meaning the site could potentially accommodate an 961.2 sqm building (stca). With outstanding potential to increase returns and plan for future re-development, this is a wonderful opportunity to secure this landmark building in this superb growth locale. Land area: 480.6 sqm approximately FSR: 2:1 Current Gross Income: $168,831.96 per annum (based on existing leases) Zoned: E1 local centre (Willoughby City Council) A peaceful haven amongst water and bushland, Northbridge is the perfect place to raise a family. Featuring established tree-lined streets and expansive parks, its large family homes overlook Middle Harbour and Sailors Bay. The Northbridge community is friendly and close knit with mostly long term residents. Read more about Northbridge