119 Marrickville Road
Marrickville, NSW 2204

This exceptional mixed-use property located at 119 Marrickville Road in the vibrant suburb of Marrickville presents a unique opportunity for owner-occupiers, investors, and developers alike. Situated in the heart of the Inner West, this property offers immediate income potential combined with significant scope for extension or redevelopment, subject to council approval.

The property occupies a land area of approximately 206.2 square meters and features a mixed-use building comprising a ground floor retail or commercial shop with a three-bedroom residence above. This configuration provides a versatile space that can accommodate various business and residential needs.

One of the standout features of this property is the provision of four secure gated parking spaces, a rare amenity in the Marrickville area, enhancing convenience and security for occupants and visitors. Additionally, there is internal storage space that offers flexibility for use as a workshop, studio, or extra utility area, catering to diverse lifestyle or business requirements.

Located along the highly sought-after Marrickville Road corridor, the property benefits from high exposure, making it an attractive prospect for commercial activities. The building is ready for renovation, extension, or repositioning, allowing new owners to tailor the space to their specific needs and maximize its potential.

Development and value-add opportunities include the possibility of residential extensions to increase internal living space and functionality. There is potential for a second-storey addition or rear extension, subject to council approval, which could significantly enhance the property's usability and value. The mixed-use activation of the retail/commercial ground floor can be optimized to increase rental yield or reposition the asset as a high-performing investment. In the longer term, the property offers redevelopment potential within a tightly held Inner West growth corridor, promising strong future capital growth.

The location is highly convenient, with walking distance access to Marrickville railway station and Sydenham railway station, which serves as a Metro and train interchange. The area is surrounded by a vibrant community featuring cafés, restaurants, breweries, and boutique retail outlets, providing a rich lifestyle environment. Proximity to schools, parks, community facilities, and shopping amenities further enhances the appeal of this location.

The property is positioned within a precinct benefiting from ongoing urban renewal, infrastructure investment, and rising property demand, making it a strategic acquisition. Public transport options are excellent, with a main city bus stop just a few steps away and bus routes to the city, Canterbury, and southbound destinations within a minute's walk.

Overall, 119 Marrickville Road offers a rare combination of secure parking, internal flexibility, income potential, and redevelopment upside. This property represents a strategic Inner West acquisition with strong prospects for future growth and value enhancement.