37 New Canterbury Road
Petersham, NSW 2049

This property offers an exceptional opportunity to acquire a fully leased two-storey freehold commercial asset located in one of Sydney's most sought-after retail precincts. Situated on a substantial 170.7 square meter corner parcel with three street frontages, the property benefits from valuable side and rear lane access, providing versatile usage options and excellent exposure in the vibrant heart of Petersham.

Strategically positioned within a bustling retail and dining area, the property enjoys strong pedestrian traffic, excellent transport connectivity, and a well-established residential and commercial catchment, making it an attractive investment prospect.

The property comprises a commercial and residential mix, including a retail shop currently leased to a long-standing tenant, and a four-bedroom apartment located upstairs. This combination presents an ideal acquisition for investors seeking a blue-chip commercial holding with significant future upside potential.

Key Features:

• Fully leased two-storey retail, commercial, and residential freehold asset.
• Land area of 170.7 square meters with a total building area of approximately 300 square meters.
• Retail area includes a shop with approximately 203 square meters of total retail space, consisting of 102.4 square meters of shop area, 50.39 square meters of office space, and secure parking for four cars covering approximately 50.49 square meters. The parking area is currently leased on a nominal short-term lease with potential future rental income of approximately $1,500 per week.
• Upstairs accommodation features a four-bedroom, two-bathroom apartment currently leased at $900 per week.
• Total potential annual rental income is approximately $124,800.
• Separate entrance to the upper-level residential accommodation.
• The ground floor is occupied by an established tenant, including retail shop, offices, storage, and rear parking facilities.
• Four secure car parking spaces with side and rear lane access.
• Corner position with three street frontages and access to a large garage and storage area.
• Prime high-exposure location in the heart of Petersham.
• Zoned E1 Local Centre with a height limit of 30 meters and a floor space ratio of 3:1.
• Significant development and value-add potential, subject to council approval.

This property represents a rare opportunity to secure a versatile commercial and residential asset with strong investment fundamentals and future development upside in a highly desirable location. Interested parties are encouraged to conduct their own due diligence to fully assess the potential of this offering.