43 Erskineville Road,
Erskineville, NSW 2043
Shops & Retail
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Belle Property Commercial - Inner West / City Fringe
Level 1, 2-4 King StreetNEWTOWN, NSW 2042
43 Erskineville Road
Erskineville, NSW 2043
Map of 43 Erskineville Road
INCOME, LOCATION AND POTENTIAL
Located on the highly prized Erskineville Road and only a short walk to Erskineville Station, this mixed use property is not only an outstanding opportunity to break into one of Erskineville's most tightly held locations, but also offers income from established operators and loads of potential for income growth.
Currently on hold over leases, with the tenants wanting to remain within the property, it consists of a busy local cafe on the ground floor, and three separate rooms, currently used as offices with private bathroom upstairs.
With a low maintenance outdoor area, plus secure off-street parking with rear lane access, this property has real potential for further enhancement, including conversion of the upstairs area into residential (STCA).
* Current monthly rent $6,222.76
* Established cafe with kitchen and large prep area
* 3 separate offices/bedrooms
* Building area approx 144sqm
* Land area approx 135sqm
* Secure off-street parking and outdoor space
* Excellent street exposure
The Auction will be held on Tuesday 8th June 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000
Currently on hold over leases, with the tenants wanting to remain within the property, it consists of a busy local cafe on the ground floor, and three separate rooms, currently used as offices with private bathroom upstairs.
With a low maintenance outdoor area, plus secure off-street parking with rear lane access, this property has real potential for further enhancement, including conversion of the upstairs area into residential (STCA).
* Current monthly rent $6,222.76
* Established cafe with kitchen and large prep area
* 3 separate offices/bedrooms
* Building area approx 144sqm
* Land area approx 135sqm
* Secure off-street parking and outdoor space
* Excellent street exposure
The Auction will be held on Tuesday 8th June 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000
Erskineville, 2043 demographic data
The median household income for Erskineville is $3,020, 45% higher than Greater Sydney's household income of $2,077. Erskineville has a younger age profile compared to the rest of Greater Sydney (median age 34 vs 37). Property ownership data shows 71% of property owners in Erskineville have a mortgage.
9,657
Population
$3,020 per week
Median household income
34 years
Median age
Renters
Most residents
Families
Most households
Belle Property Commercial - Inner West / City FringeLevel 1, 2-4 King Street
NEWTOWN, NSW 2042
NEWTOWN, NSW 2042
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