60 Railway Road

This Deceased Estate Must be Sold at auction on Saturday, 18 June at 4:30pm. On offer is a very deep and fabulous commercial/residential development opportunity on a 300sqm plus block with sought-after main street presence and rear lane frontage right in the heart of Sydenham. Currently it is casually leased to 2 separate businesses - a large slot car racing business on Railway Road and a more modest custom built cabinetry business fronting the rear lane. This is an exceptional opportunity for buyers or investors to secure a prime light industrial property and capitalise on its numerous possibilities. Occupying a great position central to the best of the inner west, this large commercial premises has 2 street frontages and a deep landholding with multiple car access from the rear lane. The freehold building holds a B1 land zoning with many future possibilities for residential development (STCA) and is ideally positioned less than 9km from the CBD, a short stroll to Sydenham train station, Sydenham and Marrickville Road shops and all amenities. Total land size is 306sqm approx. ( 9.14m x 33.53m approx.) Currently casually leased at approximately $3,230.00 per month Potential 3-level commercial/residential development (STCA) 1.5:1 floor space ratio and 11m height of building limit Roller door rear lane access to garaging and loading dock for at least 4 cars Huge scope for warehouse conversion or multiple development uses (STCA) Contact Nick Politis 0417 348 022