Shop & Residence - Invest or Occupy | Open for Inspection Wednesdays 3.30 - 4pm

Fabulous opportunity to invest or occupy. Two storey Shop and Residence currently leased to one tenant on an expired lease. Could be leased separately or could continue with the existing tenant.

Prominent corner position and superbly located in a developing residential area and only 5 kilometres from Sydney CBD. About 100 metres to Parramatta Road buses and with rail in about 12mins walk.

The property needs maintenance and has potential for renovation and improvement. Conversion to a full residential terrace may be possible subject to council approval.

The residence comprises 3 bedrooms, combined lounge and dining, kitchen, bathroom and laundry. Upstairs terrace with district outlook.

The land measures approximately 189.7 square meters with rear lane access to garage.

Business Use: Cafe
Gross annual return: $74,400.00
Lease: Expired commercial lease
Council rates: $1053.00 per quarter
Water rates: $155.00 per quarter (Plus trade charges to tenant)
Land Value: $1,100,000.00
Land: 189.7sqm - Dimensions 5.44/5.33m X 36.58/36.68
Cafe Area: 65sqm plus garage 31sqm
Zoning: E1 Local Centre

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School catchments

Annandale Public School Primary P-6 Government 0.38km
St Michael's Catholic Primary School Primary K-6 Catholic 0.47km
St Brendan's Catholic Primary School Primary K-6 Catholic 0.60km
St Fiacre's Catholic Primary School Primary K-6 Catholic 0.65km
Newington College - Wyvern House Preparatory School Primary Independent 0.72km
Stanmore Public School Primary K-6 Government 0.78km
Taverners Hill Infants School Primary K-2 Government 0.95km
Leichhardt Public School Primary K-6 Government 0.99km
The Athena School Combined K-10 Independent 1.0km
Newington College Secondary K-12 Independent 1.1km
Australia Street Infants School Primary P-2 Government 1.2km
Annandale North Public School Primary K-6 Government 1.3km
Sydney Secondary College Leichhardt Campus Secondary 7-10 Government 1.3km
Fort Street High School Secondary 7-12 Government 1.4km
Forest Lodge Public School Primary K-6 Government 1.5km
Newtown High School of Performing Arts Secondary 7-12 Government 1.6km
Newtown Public School Primary K-6 Government 1.7km
NSW School of Languages Secondary Government 1.7km
Newtown North Public School Primary K-6 Government 1.7km
St Columba's Catholic Primary School Primary K-6 Catholic 1.7km
St Scholastica's College Glebe Point Secondary 7-12 Independent 1.8km
Marrickville High School Secondary 7-12 Government 2.2km
Christian Brothers' High School Lewisham Combined 5-12 Independent 2.2km
Sydney Secondary College Blackwattle Bay Campus Secondary 11-12 Government 2.5km
Australian Performing Arts Grammar School Secondary 7-12 Independent 2.5km
St Aloysius' College, Rozelle Secondary Independent 2.5km
International Grammar School Combined K-12 Independent 2.7km
Dulwich High School of Visual Arts and Design Secondary 7-12 Government 2.7km
Central Sydney Intensive English High School Secondary 7-11 Government 2.7km

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.

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