Overview

This property at 96 Audley Street, Petersham, is a prime retail space available for sale, presenting a unique opportunity for investors and business owners alike. The property is strategically located just 6 kilometers west of the Sydney CBD, making it easily accessible and highly visible to both foot and vehicular traffic.

The building comprises three distinct tenancies, including a spacious top-level residential unit with one bedroom, a lower-ground one-bedroom unit, and a ground-floor commercial space. This mixed-use configuration not only provides a steady income stream from the three tenants but also offers potential for value addition through further development.

Key features of the property include:

• Land area of 158 square meters and a building area of 149 square meters, spread over three levels.
• B2 Local Centre zoning, allowing for shop-top housing and boarding house development (subject to council approval).
• Current gross building area is well below the Floor Space Ratio (FSR) of 2.2:1, with potential for expansion to a gross building area of 347 square meters (subject to council approval).
• Income-producing from three tenants, with a net passing income of approximately $98,238 per annum.
• Ground floor leased to a well-established café with a strong trading history.
• Rear lane access for parking via Abels Lane.
• Depreciation allowances available for investors.

This property is an excellent investment opportunity, combining a solid income with the potential for future growth. It is situated in a vibrant area with a mix of residential and commercial properties, enhancing its appeal to a wide range of potential buyers.

For further details or to arrange a viewing, please contact the agents listed on the website.

Location