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Overview
This landmark mixed-use property in Randwick North offers a rare opportunity to acquire a versatile and substantial freehold on a 360sqm corner block with dual street frontage. The building's distinctive Double Fronted Federation style and ornamental parapet create an impressive street presence, blending heritage charm with modern functionality through thoughtful renovations.
The property comprises three independent premises all consolidated on one title, making it ideal for a wide spectrum of buyers including investors seeking an established income stream, owner-occupiers requiring live/work options, or entrepreneurs desiring flexible space. Each premise benefits from lock-up garage access via rear lanes, enhancing convenience and security for tenants or owners.
- One unit is a contemporary two-bedroom maisonette featuring high-quality finishes such as kauri floorboards and marble fireplaces, combined with modern comforts like a renovated kitchen, bathroom, and reverse cycle air conditioning. Its separate entry and current expired lease offer immediate flexibility.
- The commercial component includes a high-spec shopfront or design studio alongside a showroom boasting a substantial private courtyard with development potential to convert into a two-bedroom apartment.
- The R3 Medium Density zoning supports a range of future development or reconfiguration possibilities, underlining the investment’s scalability and adaptability.
- Positioned within walking distance to Queens Park and close to key local amenities such as Charing Cross, Frenchmans Road villages, and St Catherine's School, the location complements the property's robust functionality.
This offering merges period character with contemporary upgrades and strategic location, presenting a valuable asset with income-producing capacity and future growth potential for discerning buyers.
Local Market Insights
In Randwick, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $4,572,222. The property type mix of listed properties is predominantly Apartments at 56%, followed by houses (23%), and units (10%). The most active agency for houses in the Randwick area is currently Ray White, representing 67% of new listings, followed by Richardson & Wrench with 11%. 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.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
Location
Randwick NSW 2031