Entry level investment or owner occupier opportunity would suit home/office or home & income opportunist. Situated in the thriving commercial precinct of Randwick is this classic Shop top housing opportunity with ground floor commercial retail use and upstairs 3 bedroom residence. Currently occupied by a Moroccan restaurant with an expired lease on a monthly holding over period. This property would suit an astute investor with possible dual income streams or owner occupier looking for a highly visible location to live and work. Rear lane car access. The property requires a renovation/update but it is anticipated to be well within the price scope of first property buyers! Significant long term development potential.
Ground floor retail of 100m2 approx + first floor of 80m2 . Separate male/female amenities. Grease trap & exhaust. Upstairs residence consisting of 3 bedrooms, kitchen bathroom, living area.
Key Property Features:
Zoning: B2 Local centre (flexible zoning allowing most uses)
Floor Space Ratio 2:1
Land size: 153m2 (subject to survey)
Gross Floor Area: 306M2
Height limit: 12 Metres (4 storey)
Income + Outgoings Tenancy schedule
Retail lease EXPIRED currently monthly holding over
Current annual combined rental shop & residence $76,706.76
Council rates: $4027.11 PA
Water rates: 933.92 PA