CBRE as exclusive sales agents is pleased to present 498-500 Bunnerong Road, Matraville to the market. The property represents an exciting opportunity to acquire a mixed use investment opportunity with future development upside (STCA) in South Sydney.

498-500 Bunnerong Road, Matraville benefits from the following key attributes:

•Offered to the market for the first time in 34 years
•Comprising a total of 5 tenancies with 4 ground floor commercial businesses and a residential apartment above
•Generating a net annual income of $157,405* with significant rental reversion opportunities
•Total Net Lettable Area (NLA) of 390sqm*
•Fortuitously positioned along Bunnerong Road and adjacent to Peninsular Village Shopping Centre providing outstanding signage exposure
•Accompanied with the convenience of rear lane access via Baird Lane and public parking in Matraville Carpark
•Zoned B2 Local Centre the property enjoys future development potential (STCA) with permitted uses including retail, commercial and residential
•Centrally positioned to a wealth of lifestyle focussed amenity including The Lakes Country Club, Maroubra Beach, Malabar Headland National Park, Westfield Eastgardens and reputable schools
•Bus services on the property’s doorstep allow for ease of access to Sydney CBD, Sydney Airport and surrounding areas

498-500 Bunnerong Road, Matraville will be sold via Public Auction on Tuesday 30th May 2023 at 10:30am at auctionWORKS.

Please enquire directly with the exclusive agents to arrange a private viewing.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.