Leichhardt
377 Parramatta Road
Building: 250 SQMLand: 244 SQM
SOLD - Undisclosed
SECURE INVESTMENT WITH UPSIDE * Multiple income streams x 3 * Passing NET Income, $115,000 PA + GST * Development Upside Urban growth corridor
Stone Commercial as the exclusive sales agents are pleased to present to market, 377 Parramatta Road, Leichhardt.
This presents an extremely rare opportunity to acquire a prime freehold asset positioned along the Parramatta Road corridor within a stone throw to Norton Street, Leichhardt. The investment opportunity benefits from the following key
attributes
- Flexible planning controls to provide a magnitude of refurbishment or development upgrade opportunities (STCA)
- Easy walk to bus stops & train station providing express services to greater transport networks
- Multiple income streams x 3, with newly established long
term leases
- Ground Floor Retail + First Floor, two (2) residential apartments
- Total passing income of approximately $119,685.68 Per Annum + GST
- Proximity to landmark location including the Royal Hotel, Nortons Hotel, Bar Italia, Chemist warehouse etc
This presents an extremely rare opportunity to acquire a prime freehold asset positioned along the Parramatta Road corridor within a stone throw to Norton Street, Leichhardt. The investment opportunity benefits from the following key
attributes
- Flexible planning controls to provide a magnitude of refurbishment or development upgrade opportunities (STCA)
- Easy walk to bus stops & train station providing express services to greater transport networks
- Multiple income streams x 3, with newly established long
term leases
- Ground Floor Retail + First Floor, two (2) residential apartments
- Total passing income of approximately $119,685.68 Per Annum + GST
- Proximity to landmark location including the Royal Hotel, Nortons Hotel, Bar Italia, Chemist warehouse etc