Residential
Explore
Investment Opportunity Comprising 4 Shops & 3 Residential Flats Conveniently Located Metres to Westfield & Railway Station
Ray White Hurstville are pleased to present to the market this extremely rare opportunity to acquire a corner positioned Landmark building "Glenvale Court" in the thriving Southern Sydney suburb of Hurstville with great passing income and the opportunity to renovate and value add.
The property is prominently located at the intersection of Forest Road and Treacy Street, Hurstville, positioned directly opposite Council car park on Forest Road and another council car park on Treacy Street and conveniently located meters to Westfields, Hurstville CBD, Railway Station and major bus interchange.
Key Features include:
• Prime corner position in the heart of Hurstville CBD ensuring high visibility to both vehicular and pedestrian traffic
• Comprising four (4) ground floor retail shops plus three (3) first floor 2 bedroom flats
• Current gross annual rental $236,070* (1 vacant shop)
• Projected gross annual rental $266,070*
• Land Area 322.50 sqm*
• Prominent 16.79m* frontage to Forest Road
• Total Net Lettable Area (NLA) 430 sqm* over 2 levels
• Ground floor tenants include computer shop, pizza shop and kebab shop (with 2 new leases)
• Great opportunity to renovate and increase rental return
• Benefit of 2 surrounding council car parks providing parking for customers
• Zoned "MU1 Mixed Use" allowing a variety of retail uses
• Surrounding neighbouring businesses include HSBC, CBA, Meridian Hotel, Hurstville City Medical Centre, St Vincent De Paul, 4 Cyte Pathology
• Conveniently located minutes walk to Westfields, Hurstville Train Station and major bus interchange
• Rarely does such a great investment opportunity arise located in the heart of Hurstville CBD
• Will be Sold!
*Approx
Contact Chris Munk on 0419 442 620 to arrange an inspection
The property is prominently located at the intersection of Forest Road and Treacy Street, Hurstville, positioned directly opposite Council car park on Forest Road and another council car park on Treacy Street and conveniently located meters to Westfields, Hurstville CBD, Railway Station and major bus interchange.
Key Features include:
• Prime corner position in the heart of Hurstville CBD ensuring high visibility to both vehicular and pedestrian traffic
• Comprising four (4) ground floor retail shops plus three (3) first floor 2 bedroom flats
• Current gross annual rental $236,070* (1 vacant shop)
• Projected gross annual rental $266,070*
• Land Area 322.50 sqm*
• Prominent 16.79m* frontage to Forest Road
• Total Net Lettable Area (NLA) 430 sqm* over 2 levels
• Ground floor tenants include computer shop, pizza shop and kebab shop (with 2 new leases)
• Great opportunity to renovate and increase rental return
• Benefit of 2 surrounding council car parks providing parking for customers
• Zoned "MU1 Mixed Use" allowing a variety of retail uses
• Surrounding neighbouring businesses include HSBC, CBA, Meridian Hotel, Hurstville City Medical Centre, St Vincent De Paul, 4 Cyte Pathology
• Conveniently located minutes walk to Westfields, Hurstville Train Station and major bus interchange
• Rarely does such a great investment opportunity arise located in the heart of Hurstville CBD
• Will be Sold!
*Approx
Contact Chris Munk on 0419 442 620 to arrange an inspection