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Overview
This property, known as Granville's Invisible Gem (GIG), offers a meticulously maintained home with diverse options for both investors and owner-occupiers seeking strategic opportunity. Situated on the ground/first floor in a mixed-use block comprising residential flats alongside commercial and medical premises, this unit maximizes potential returns through a flexible E1 zoning that allows a variety of commercial and residential uses.
The residence comprises three generously sized bedrooms, with the main room featuring double mirrored built-in wardrobes, complemented by two toilets and a combined shower bathroom. The spacious kitchen flows seamlessly into the dining area, providing an immaculate and functional space for everyday living and entertaining. Indeed, the property includes an entertainment area capable of hosting gatherings for 15 to 20 guests.
Parking is a notable highlight, with an automated and remotely controlled provision for four car spaces, adding convenience and security for residents and visitors. Additional features include a laundry area and a garden, enhancing the livability and aesthetic appeal.
Location-wise, the property boasts immediate proximity to local shops, cafes, and parks, allowing for the unique luxury of shopping and dining within mere steps of the home, including an effortless access often described as 'shop and dine in pyjamas.' It benefits from convenient access to Parramatta CBD, Merrylands, Guildford, and arterial road networks, while the local community is enriched by diverse restaurants offering a variety of cuisines and quality educational institutions.
Investors will find this property particularly attractive given the combination of immediate rental income potential and future capital growth prospects afforded by its zoning. The flexibility of permitted uses under the E1 zoning opens opportunities for diverse businesses and practices, including doctor's clinics, dental offices, surgeries, dermatology, legal offices, accounting firms, veterinary clinics, and creative spaces such as studios for pilates, yoga, arts galleries, tutorial centers, hair and nail salons, or photography studios.
The property's strategic placement within a thriving local center underscores its value, nestled in a community with a rich generational fabric and strong pride. These qualities ensure it as a sound consideration for purchasers seeking a blend of lifestyle, investment potential, and business opportunity.
This home represents a distinctive chance to acquire a property with excellent return on investment, diverse commercial and residential possibilities, and a host of amenities close at hand. It invites prospective buyers to capitalize on its unique benefits through a considered and flexible approach to ownership.
Potential buyers are encouraged to undertake their own enquiries to confirm details and suitability, as measurements, locations, and other aspects are approximate. Photos may include location and lifestyle images intended to illustrate the property's context.
Local Market Insights
In South Granville, Quiet Listings observed 2 new units entering the market over the last 30 days, down from 5 during the previous 30-day period, with an average advertised asking price of $700,000. The property type mix of listed properties is predominantly Houses at 50%, followed by apartments (29%), and units (8%). The most active agency for units in the South Granville area is currently McGrath Estate Agents, representing 50% of new listings, followed by Ray White with 50%. 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.
Location
South Granville NSW 2142
Market Insights for South Granville NSW 2142
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