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Overview
This property offers a rare dual-income investment opportunity located on a prominent corner block in Girraween. It features a fully leased commercial premises at the front with strong, secure lease terms, and a separately leased spacious residential home at the rear. The combined rental income nearing $2,042 per week emphasizes the attractive immediate cash flow and highlights its strong long-term investment appeal.
The commercial section is strategically positioned for excellent street exposure, creating valuable visibility and ensuring strong tenancy demand. The separate residential dwelling provides additional income diversification and flexibility, particularly attractive to investors seeking a low-risk, income-generating asset with potential for future development.
Ample parking is available with triple car accommodation plus additional spaces which enhance the property's functional versatility. The flexible floorplan supports multiple future uses subject to council approval, providing scope for development or alternative commercial/residential configurations, which could increase overall property value. This versatility will appeal to investors, developers, or business owners aiming to secure a property with both income and growth potential.
Located in proximity to reputable schools, train stations, shopping precincts, and recreational parks, the property's position supports stable tenant demand while offering convenient lifestyle amenities. The inclusion of existing commercial use rights adds a layer of flexibility rarely found in residential properties, creating further value for astute buyers.
Overall, this is a solid investment for buyers looking for a secure dual income stream with the option to explore future capital growth through redevelopment or repositioning. Its combination of location, income, and permitted uses makes it a standout choice in the Girraween market.
Local Market Insights
In Girraween, Quiet Listings observed 39 new houses entering the market over the last 30 days, down from 49 during the previous 30-day period, with an average advertised asking price of $1,559,615. The property type mix of listed properties is predominantly Houses at 43%, followed by apartments (27%), and villas (8%). The most active agency for houses in the Girraween area is currently LJ Hooker, representing 26% of new listings, followed by Ray White with 21%. 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.
Change History
| Headline | When |
|---|---|
| EOI TO BE SUBMITTED BY COB - Monday 24th August | |
| EOI CLOSING COB- Monday 24th August | |
| Expression Of Interest |
Location
Market Insights for Girraween NSW 2145
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