Ray White Commercial Sydney City Fringe in conjunction with Ray White Erskineville is pleased to offer 172 St Johns Road, Glebe for Sale by way of public Auction.

An integral part of St Johns Road's celebrated streetscape, this prominent Mixed-Use terrace presents a rare opportunity to secure a freehold building just down from the historic Glebe Town Hall at the gateway to Glebe and the University of Sydney. A high-yielding investment opportunity with a residential development upside, the first floor is dedicated to an established restaurant/cafe while the upper levels feature a self-contained whole-floor apartment plus a three-bedroom flat on the upper level.

Key Highlights:

- Mixed-Use terrace with a 6.8m frontage and rear access and parking.
- Ground floor commercial leased to Ahgora restaurant on a three-year lease (expires 2024)
- Designer first-floor 2BR residence with a terrazzo island kitchen leased at $850 per week
- Upper level 3 bedroom residence with roof terrace and city views leased at $550 per week
- Prime investment, net passing income of $129,999.68 per annum
- B1 Neighbourhood Centre with 12m maximum building height
- Highly sought after city fringe location, strong capital growth

The property will be sold via public auction on Saturday 19th June at 10am on site 172 St Johns Rd Glebe

For more information please contact the below agent:

Kristian Morris
Principal & Licensee In Charge
0411 415 2...
02 9660 1717
kristian.morris@raywhite.com

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.