581 & 583 Military Road,
Mosman, NSW 2088
Key property information
AUCTION NOW 21 OCTOBER - SUPERB MIXED-USE INVESTMENT OPPORTUNITY
The property consists of two ground floor retail shops with one apartment and one commercial space on level one. The property currently offers an attractive income stream from four tenants with a current passing income of $200,548 per annum* (gross) with the potential for substantial rental growth.
With a building size of 314sqm*, the site benefits from a B2 Local Centre zoning, a Floor Space Ratio of 2.5 : 1 and a height limit of 15 metres allowing for significant future development to add value and profit (STCA).
Perfectly positioned in one of the most exclusive suburbs in Sydney, 581-583 Military Road, Mosman is only 8km to Sydney CBD.
Mosman offers a wonderful lifestyle full of exclusive fashion retailers eateries, providers, cafes and restaurants. With its main road location, 581 - 583 Military Road is surrounded by easy access to public transport including buses and ferries which easily connects the property to Sydney CBD and Northern Beaches.
- Four Tenancies with a net income of $171,403.65 per annum + GST*
- Land Area - 212 sqm*
- Building Area - 314 sqm*
- Substantial development potential for a mixed-use retail/residential project (STCA)
* All figures are approximate
Explore property virtually
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 503900678Last Updated: 12 Oct 2021