30-32 Ocean Street, Pagewood is the ideal investment the modern investor seeks. A great location, secure tenant, increasing rental income, and an added potential “upside” or exit strategy to further boost value. This exciting opportunity boasts an Eastern Suburbs of Sydney location, an established tenant on long term lease with multiple options, annual increases and market review all on a very well positioned 430sqm of site area in two equal lots with residential zoning, corner position and rear lane access.

This is genuinely the first time the property has been offered for sale in over 68 years and the property has been operating as an automotive workshop since it was built by the vendors’ grandfather in 1948. A great opportunity proudly presented by Knight Frank and for sale by Public Auction.

What an opportunity!

•First time offered in over 68 years,
•Long term lease,
•Net income of $74,000 with 3% increase 16/08/2016,
•Residential zoning
•High-side corner position with rear lane access,
•430sqm of site area comprised of two equal lots,
•Eastern suburban Sydney location

For further information please contact the listing agents.