For Sale

240-242 Great Western Highway,
Blackheath 2785, New South Wales

5 car spaces
540m² land size
370m² building size
Retail

$1,450,000 - $1,550,000


Property details

Prime Art Deco Investment in the Heart of Blackheath Village

Prominent Village Location | Solid Rental Return | Character-Rich Asset

Seize a rare opportunity to own a landmark Art Deco commercial building consisting of 2 shops in the bustling heart of Blackheath village. Positioned on a generous 540m² block with excellent street frontage and rear access with double garage with potential to lease out also. This character-filled property combines enduring architectural appeal with a strong investment return with the option to add value to the site.

Currently fully leased, the building houses two well-established tenants:
• Pomelo Café, a popular local dining destination with seating for approximately 26 patrons, featuring a commercial kitchen and a charming slow-combustion wood fireplace. Lease ends 09/01/2026.
• Glass Studio, a contemporary gallery and creative retail space, enhancing the building's cultural cachet. Lease ends 10/02/2027.

Investment Highlights:
• Net Rental Income: $71,238 p.a. (excl. outgoings & GST)
• Approx. Rental Yield: 4.75%
• Tenants in Place - Low vacancy risk with long-term potential
• Land Area: 540m² (approx.)

Property Features:
• Classic Art Deco façade and original architectural details
• Polished timber floors & ornate plasterwork throughout
• Reverse-cycle air conditioning units
• Additional office and storeroom spaces
• Bathroom plus two toilets for cafe patrons
• Double lock-up garage with rear lane access, currently used as storage units
• Three separate single carports

This is a standout investment opportunity in one of the Blue Mountains' most sought-after villages. With a strong rental return and future upside, this building will appeal to investors seeking a high-profile, low-maintenance commercial asset. Enquire today to arrange a private inspection and secure your slice of Blackheath history.

Inspections


Explore the area


School catchments

  • Blackheath Public School Primary K-6 Government 0.46km
  • Mountains Christian College Combined K-12 Independent 0.88km
  • Mount Victoria Public School Primary K-6 Government 5.7km
  • OneSchool Global NSW - Mount Victoria Combined 3-12 Independent 6.0km
  • Katoomba North Public School Primary K-6 Government 7.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


Back to top