719, 721, 723 Princess Highway,
Tempe, NSW 2044

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Map of 719, 721, 723 Princess Highway

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STRATEGIC COMMERCIAL OPPORTUNITY – SHOP & RESIDENCE WITH TWO STREET FRONTAGE

INVEST, OCCUPY & DEVELOP
EXPOSURE PLUS ON PRINCESS HWY
FIRST TIME OFFERED IN 40 YEARS

Agents & Co in conjunction with Sydney Wide Property are exclusively selling this amazing property with upside to re-develop or retain as a perfect commercial/residential investment. Located on the fringe of the desirable Newtown & Marrickville precinct that is for ever growing with new eateries, distilleries & major retailers. This property is surrounded by the likes of IKEA, Bunnings & Decathlon. This property is located in a very high traffic vehicle access location with timed on street parking in front.

Currently Consisting Of:
• 3 x retail shops
• 2 x 2 bedroom residential apartments
• Two street frontages with rear lane access to ample off street parking & lock up garage
• Zoning B5
• FSR 1.5 to 1
• Permissible Building Height 14m
• Currently 1 x shop tenanted & 1 apartment tenanted
• Current Gross Income: $38,479.96
• Potential Rental Income If Fully Leased: $88,397.00

INSPECTION TIMES
Wednesday - 2:00pm - 230pm
Saturday - 9:00am - 9:30am

Additional information

External websites

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Tempe, 2044 demographic data

The median household income for Tempe is $2,452, 18% higher than Greater Sydney's household income of $2,077. Tempe has an older age profile compared to the rest of Greater Sydney (median age 39 vs 37). Property ownership data shows 58% of property owners in Tempe have a mortgage.

3,550

Population

$2,452 per week

Median household income

39 years

Median age

Owners

Most residents

Families

Most households