623 Darling Street,
Rozelle, NSW 2039

Shops & Retail

Key property information

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Floor area

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Map of 623 Darling Street

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Balmain peninsula corner retail opportunity

Located on the corner of Darling and Nelson Street's, in the heart of the Rozelle retail precinct, this high profile building is offered to the market for the first time in over 50 years. The property comprises ground floor retail shop together with adjoining 3 bedroom residence above. Both the retail and residential tenancies are presently under monthly holding over provisions and vacant possession is available if required.

This prime corner building, zoned "Business" usage is presently underutilised and has the potential to expand upon the retail area, and parking may be available (subject to Council Approval).

This property is an ideal opportunity for investors and partial owner occupiers (ie: occupy the residence whilst enjoying the income stream from the retail tenancy).

The ground floor is presently occupied by the long standing Tom Gallo' Hairdresser, whilst the residence on the upper level enjoys widespread district views.

Ground floor currently leased under a new four year lease agreement whilst the upstairs residence also currently tenanted on a monthly basis.

A rare opportunity to secure a high profile corner building in the prime Rozelle retail precinct with excellent capital and rental growth prospects.

GBA - 150sqm approx.

Rozelle, 2039 demographic data

The median household income for Rozelle is $3,196, 54% higher than Greater Sydney's household income of $2,077. Rozelle has an older age profile compared to the rest of Greater Sydney (median age 40 vs 37). Property ownership data shows 55% of property owners in Rozelle have a mortgage.

8,553

Population

$3,196 per week

Median household income

40 years

Median age

Owners

Most residents

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Most households