146 Norton Street
Leichhardt, NSW 2040

Overview

Multi-Use Property in Prime Leichhardt Location

This multi-use commercial property is located in a prime position on Norton Street in Leichhardt, offering an exceptional opportunity for investors or business owners seeking a versatile space in a high-profile area. The property is set on approximately 196 square meters of land and spans a total building area of around 205 square meters across three levels.

The ground floor features a fully renovated gelato shop with direct street access, providing a ready-to-operate retail space with excellent exposure to foot traffic along one of Leichhardt's busiest streets. The shop benefits from rear lane access, allowing for convenient deliveries and operational flexibility.

Above the retail space, the upper level comprises a fully renovated two-bedroom tenancy, offering comfortable residential accommodation. This tenancy is currently leased until July 2026, providing a steady rental income stream. The ground floor shop is leased until May 2030, ensuring long-term tenancy stability.

Additional features of the property include three dedicated car parking spaces, male and female amenities, basement storage facilities, and the potential for outdoor seating on Norton Street, subject to council approval (STCA). The property is zoned E1 Local Centre, which allows for a range of commercial and mixed-use developments, presenting potential for future value enhancement.

Situated in the heart of Leichhardt, the property is surrounded by a vibrant mix of popular restaurants, cafes, and retail outlets, with excellent transport links to the Sydney CBD. This location offers significant exposure and accessibility, making it an ideal investment or business location.

Key highlights of the property include:

• Approximately 196 square meters of land with rear lane access and three parking spaces
• Ground floor retail shop leased until May 2030
• Upper floor two-bedroom residential tenancy leased until July 2026
• High-profile location on a busy commercial street in Leichhardt
• Zoned E1 Local Centre, allowing for diverse commercial uses
• Potential to add value through development or repositioning

This property represents a rare opportunity to acquire a well-located, multi-use commercial asset in a sought-after Sydney suburb. Its combination of retail and residential tenancies, secure long-term leases, and excellent location make it a compelling proposition for investors and owner-occupiers alike.

Location