719 - 723 Princes Highway, Tempe

Agents & Co in conjunction with Sydney Wide Property are exclusively selling this amazing property with upside to re-develop or retain as a perfect commercial/residential investment being offered for the first time in more than 40 years. Located on the fringe of the desirable Newtown & Marrickville precinct that is for ever growing with new eateries, distilleries & major retailers. This property is surrounded by the likes of IKEA, Bunnings & Decathlon. This property is located in a very high traffic vehicle access location with timed on street parking in front. Currently Consisting Of: • 3 x retail shops • 1 x 2 bedroom & 1x 3 bedroom residential apartments • Two street frontages with rear lane access to ample off street parking & lock up garage • Zoning B5 - business development • FSR 1.5 to 1 • Permissible Building Height 14m • Currently 1 x shop tenanted & 1 apartment tenanted • Current Gross Income: $38,479.96 pa • Potential Rental Income If Fully Leased: $98,279.96 pa Shop 719: $15,600pa Potential Shop 721: $11,439.96pa Current Shop 723: $20,800pa Potential 1/723 Residential 3 Bedroom Unit: $27,040pa Current 1/719 Residential 2 Bedroom Unit: $23,400pa Current