Description

Mainstreet is pleased to offer this mixed-use freehold property with three (3) street frontage located at 424 Parramatta Road, Petersham.
Enjoy income generated from two separated tenancies. Whilst an owner occupier will benefit from living in a freshly renovated three (3) bedroom residence and earn a passive income from the ground floor commercial space.
The Parramatta Road Corridor Urban Transformation Strategy lends itself to encourage developers to capitalise on its corner position. Demonstrated by the multi billions of dollars invested in the West Connex and Metro Projects.
Located across from the iconic Irish pub on the corner of Parramatta Road and Norton Street. Conveniently located moments away from Sydney's CBD, and the busy shopping strip of Norton Street, Leichhardt.
The first floor consists of a large three (3) bedroom renovated residence. Featuring new kitchen, bathroom, laundry, living areas and a large private balcony/patio.
The Commercial Space offers three (3) separate entrances, two (2) toilets, three (3) Phase power, and secured parking.
Property Highlights:
- Mixed - use freehold building
- Separate electrical meters
- Renovated first floor three (3) bedroom residence with a separate entrance
- Three (3) Street frontage
- Secured parking space
- Zoning B2 Local Centre
- FSR 1: 1.5
- HOB 14 meters
- Floor area 260sqm*
- Site area 206sqm*
- Easy access to public transport, conveniently located to Sydney CBD and the bustling Leichhardt retail strip
- Great redevelopment opportunity.
- Residence currently leased to Jan 2022 ($30,680.00 p.a) with potential to increase
- Ground Floor rental potential $45,000.00 p.a + GST*
- Council Rates *$822.00 p/q
- Water Rates *192.00 p/q
(*) denotes approximately