RARE DUAL-INCOME INDUSTRIAL HOLDING WITH RESIDENCE & WORKSHOP

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24 Milton Street, Ashfield NSW 2131

For Sale |Price Guide $2,100,000 To $2,300,000.

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$2.1M - $2.21M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 800 m²

Listed: 19th Jun 2026

Updated: 4 days ago

Overview

This property presents a rare opportunity to acquire a substantial mixed-use holding located in one of Sydney's highly sought-after inner-west industrial precincts. The site is positioned on approximately 800 square meters of land, featuring valuable dual street frontage that enhances its accessibility and potential.

The versatile nature of this property is highlighted by its combination of a separately leased mechanical workshop alongside a spacious three-bedroom residence. This dual-income setup provides immediate rental returns while offering significant flexibility for future use.

Situated within the E4 General Industrial zoning, the property is well-suited for a variety of industrial, warehouse, logistics, and business applications. This zoning classification makes it an attractive option for investors, owner-occupiers, and businesses seeking a strategic location within Sydney's inner west.

Key features of the property include:

An approximate 800 square meter landholding with dual street frontage, providing excellent exposure and access.
E4 General Industrial zoning, allowing for diverse industrial and commercial uses.
An established mechanical and panel workshop currently secured under lease, ensuring steady income.
A separate three-bedroom residential dwelling, also leased, contributing to the property's dual-income status.
Strong investment potential with multiple income streams.
Excellent opportunity for owner-occupiers looking to combine residence and business premises.
Located in a highly desirable Inner West area with convenient access to major transport routes including Parramatta Road, City West Link, and proximity to Sydney CBD.

The existing improvements on the site provide multiple income streams while offering flexibility for future industrial, warehouse, storage, trade, or business uses, subject to council approval (STCA). This makes the property suitable for a range of buyers, whether investors seeking reliable income, business owners wanting to secure their own premises, or purchasers looking for a unique mixed-use asset in a tightly held location.

Overall, this property represents an exceptional opportunity to secure a strategically located, dual-income industrial holding with significant future potential in Sydney's inner west.

Local Market Insights

In Ashfield, Quiet Listings observed 9 new houses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $2,361,111. The property type mix of listed properties is predominantly Houses at 56%, followed by apartments (31%), and units (6%). The most active agency for houses in the Ashfield area is currently Raine & Horne, representing 22% of new listings, followed by Ray White with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.