66 Broadarrow Road
Narwee, NSW 2209

Overview

Shop + Approved Residential Unit | Dual Income | Torrens Title

Located in a prime, high-visibility position directly opposite Narwee Train Station, this property offers a unique opportunity to acquire a mixed-use freehold investment with immediate dual income streams and promising long-term growth potential.

Occupying approximately 221 square meters of Torrens Title land, the property is a robust two-storey double brick building featuring a well-established commercial space on the ground floor and a separately leased residential unit on the upper level. The upstairs residence benefits from its own private entrance, providing enhanced flexibility and clear separation between the commercial and residential tenancies.

The ground floor commercial area is currently leased to a reputable local newsagency that has been operating from this location for over three decades, with the current tenant in place for more than six years. This tenancy encompasses roughly 110 square meters of retail space, complemented by an additional toilet and a substantial rear storage room measuring approximately 30 square meters.

Above, the property includes a well-maintained and formally approved one-bedroom residential unit of about 90 square meters, accessible via its own private entry. This residence is suitable for residential living or office use, depending on the purchaser's requirements. The upstairs unit underwent renovations approximately one year ago and is presently leased.

A notable advantage of this property is that the entire building is held under a single title and is subject to one council rate, simplifying ownership and reducing ongoing costs.

This offering combines a sought-after location, versatile usage options, and straightforward ownership, making it a distinctive opportunity to secure a prominent mixed-use asset in the heart of Narwee.

Key Property Features:

• Approximately 221 square meters of Torrens Title land
• Mixed-use freehold comprising a shop and a residential unit
• Private entry for the upstairs residence
• Prime location opposite Narwee Train Station
• Single council rate for the entire building
• Annual 5% rent increase each June for the commercial tenancy
• Commercial tenant responsible for 50% of building insurance
• Approximately 110 square meters of retail space plus 30 square meters of rear storage
• Established newsagency business operating for over 30 years
• Approximately 90 square meters one-bedroom residential unit upstairs
• Council approval and Occupancy Certificate for the upstairs residence
• Solid double brick construction
• Recent renovations to the upstairs residence
• No strata fees and minimal ongoing costs
• Flexible contract terms available

The estimated combined rental return is approximately $55,000 per annum, reflecting the property's strong income potential.

Prospective buyers are encouraged to conduct their own inquiries to verify all information and assess the suitability of this investment opportunity.

Location