65 Waratah Street
Haberfield, NSW 2045

Overview

Mixed Use Investment with Potential Value Add

This property presents a unique opportunity to acquire a mixed-use investment located at 65 Waratah Street, Haberfield. The building is strategically positioned in one of the Inner West's most sought-after areas, just 6 kilometers west of the Sydney CBD, providing excellent access to public transport and local amenities.

The property features three distinct tenancies, generating immediate rental income. The top floor consists of a spacious three-bedroom residential unit, while the ground floor includes a two-bedroom unit at the rear and a commercial space that benefits from high foot and vehicle traffic.

Key features of this investment include:

• E1 Local Centre zoning, allowing for shop-top housing and boarding house development (subject to council approval).
• Land area of 315 square meters and a building area of 225 square meters.
• Current gross building area of 225 square meters under the Floor Space Ratio (FSR) of 1:1, with potential for a gross building area of 315 square meters (subject to council approval).
• Income generated from three tenants, including a well-established butcher shop with a strong trading history.
• Side access with onsite parking available.
• Current net passing income is below market rates, with all leases on short terms.

This property is being offered for sale via auction on-site, scheduled for Saturday, March 28th. Interested parties are encouraged to reach out for further information or to arrange a viewing.

Location