66 Broadarrow Road
Narwee, NSW 2209

Overview

Prime Freehold Investment Opposite Narwee Station

This property offers a unique opportunity to acquire a mixed-use freehold investment located in a prime, high-exposure position directly opposite Narwee Train Station. The site comprises a solid two-storey double brick building set on approximately 221 square meters of Torrens Title land, combining commercial and residential uses under one title.

The ground floor features a well-established commercial premises currently leased to a long-standing local newsagency business that has operated from this location for over 30 years, with the current tenant in place for more than six years. This tenancy includes approximately 110 square meters of retail space, complemented by an additional toilet and a large rear storage room of around 30 square meters, providing ample space for business operations and inventory management.

Above the commercial space is a separately leased, formally approved one-bedroom residential unit of approximately 90 square meters. This residence benefits from its own private entry, enhancing tenant privacy and flexibility between the commercial and residential tenancies. The upstairs unit was renovated about a year ago and is currently leased, offering potential for residential occupancy or office use, subject to purchaser requirements.

A notable advantage of this property is that the entire building is held under a single title and serviced by one council rate, simplifying ownership and reducing ongoing costs. There is no strata, and the property has minimal ongoing expenses, making it an efficient investment option.

Additional highlights include an annual 5% rent increase each June for the commercial tenancy and the commercial tenant's contribution of 50% towards building insurance. The property’s solid double brick construction ensures durability and low maintenance.

Located in the heart of Narwee, this mixed-use asset combines a tightly held location, flexible future use, and minimal holding complexity, making it a rare and attractive investment opportunity with immediate dual income and long-term growth potential.

• Approx. 221 sqm Torrens Title landholding
• Mixed-use freehold with shop plus residential unit
• Upstairs residence has its own private entry
• Directly opposite Narwee Train Station
• Entire building serviced by one council rate
• Annual 5% rent increase each June for commercial tenancy
• Commercial tenant pays 50% of building insurance
• Approx. 110 sqm retail area plus rear storage of approx. 30 sqm
• Established newsagency business operating from the site for over 30 years
• Approx. 90 sqm one-bedroom residential unit upstairs
• Council approval and Occupancy Certificate in place for upstairs residence
• Solid double brick construction
• Upstairs residence renovated approximately one year ago
• No strata and minimal ongoing costs
• Flexible contract timing available

Estimated combined rental return is approximately $55,000 per annum, providing a strong income stream from this versatile property.

Location