238 Old Northern Road
Castle Hill, NSW 2154

Overview

High-Exposure Freehold Investment with Strong Lease | Castle Hill Core Location.

This property represents a rare opportunity to acquire a prominent freehold commercial asset located in the highly sought-after Old Northern Road precinct of Castle Hill. The site occupies a substantial land area of approximately 682 square meters, offering excellent exposure and a strong income stream with significant potential for long-term capital growth.

Currently, the property is leased to an established and actively operating business, secured under a robust lease agreement that ensures immediate and consistent cash flow. The lease term is structured as a 5 + 5 year agreement, providing long-term income stability for investors.

The site is zoned R4 High Density Residential, presenting compelling redevelopment opportunities subject to council approval. This zoning enhances the property's appeal to investors and land-bank buyers seeking strategic acquisitions with future growth potential.

Strategically positioned within close proximity to Castle Hill Metro station, major arterial roads, and a diverse range of retail and lifestyle amenities, this property combines convenience, visibility, and growth prospects in one of Sydney's most dynamic north-west corridors.

Key Features:

• Freehold commercial property in a prime Castle Hill location
• Generous landholding of approximately 682 square meters
• Secure lease with a 5 + 5 year term providing reliable income
• Annual rental income of approximately $104,000, equating to around $2,000 per week
• Established business currently operating on the premises
• Zoned R4 High Density Residential, offering future redevelopment potential (subject to council approval)
• High exposure position along Old Northern Road
• Close to Castle Hill Metro, shopping precincts, and local amenities
• Strong holding income with significant long-term upside

Lease Details:

• Annual Rent: Approximately $104,000 per annum
• Lease Term: 5 + 5 years

This property is ideal for investors seeking a secure income-producing asset with the added benefit of future development potential in a thriving location. Its proximity to key transport links and amenities further enhances its attractiveness as a strategic investment or land banking opportunity.

Prospective buyers are encouraged to conduct their own due diligence and investigations to fully assess the property's potential and suitability for their investment objectives.

Please note that some images may have been virtually staged to illustrate the potential of the property.

Location