Willoughby is regarded as an affluent suburb located 2km* from Chatswood’s Commercial district, 2.5km* from St Leonards and 7 km* from the Sydney CBD. The locality is characterised by medium and high density residential apartment blocks in addition to its retail strip along Willoughby Road.

Immediate facilities located within close proximity to the subject property include:
•Nine Network Australia (450m*)
•Willoughby Leisure Centre (750m*)
•Bicentennial Reserve Oval (600m*)
•Artarmon Reserve (1.8km*)
•Northbridge Plaza (1.2km*)
•Willoughby Public School (1km*)
•Willoughby Girls High School (700m*)
•Royal North Shore Hospital (2.6km*)
•Many retail shops, restaurants and cafes situated along Willoughby Road, all within walking distance from the property.

The property is conveniently connected to North Sydney and the Sydney CBD via the M1 Motorway and is also serviced by its extensive local bus networks.


Offered for the first time in almost a decade – with a tenant in situ for 27 years - PropertyFox Australia is delighted to offer 566 Willoughby Road, Willoughby For Sale by Auction.

566 Willoughby Road represents a rare opportunity to acquire a 3 level mixed use freehold building in the affluent and highly sought after suburb of Willoughby.

The Property offers an existing monthly whole-building lease over the Cafe and two-bedroom apartment.

Perfectly positioned in the heart of Willoughby, the property adjoins the recently completed mixed use development ‘The Bowery’, is metres from the Bridgeview Hotel and is surrounded by an abundance of amenity.

The property is underdeveloped and is prime for redevelopment with a 2:1 FSR.

Key features of this property include:
- 27-year whole building tenant
- Monthly holdover allowing for flexibility to refurbish, renovate or resign tenant and landbank
- To be sold as a going-concern (GST exempt)
- Rear lane access
- Tandem car parking for 2 vehicles
- Future development potential with neighbouring properties (STDC)
o Zoning: B2 - Local Centre
o Floor Space Ratio: 2:1
o Height Limit: 14 metres
- Current approximate NLA of 154 sqm – GFA allowance of circa 460 sqm (possible future redevelopment - STDC)

Please contact the exclusive PropertyFox Agents, Lachlan Worthington on 0421 777 8... or Michael Wydeman on 0411 221 4... for a full Information Memorandum and an inspection.

AUCTION DATE AND TIME
Thursday, 10th November 2022 at 10:30am

AUCTION LOCATION
DEXUS Place, Level 5, 1 Margaret Street,
Sydney, NSW 2000

Or online at buy.realtair.com