Development For Sale Sydney Ad:1041223

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Australia > New South Wales > Canterbury > Roselands > Narwee

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AUD$ 2,750,000

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Development
For Sale
Narwee, Roselands
Australia

Fully renovated two-storey mixed-use building offering stable rental income and exceptional redevelopment potential.

Property Overview:
- 2-storey mixed-use asset
- 3 studio units, 1 bedroom unit, retail tenancy
- Annual gross rent: AUD 148,000
- Fully renovated in 2020
- Corner site in rezoning suburb

Key Features:
- High exposure on main arterial road
- Close to future metro station
- Easy access to freeway and airport
- Prime redevelopment opportunity

Description:
This two-storey mixed-use asset delivers reliable income with fully renovated residential and retail units. Located on a busy arterial road in a high-demand suburb, near a future metro station and major transport links. Ideal for investors seeking strong returns or redevelopment upside.

Comment:
The property consists of 3 studio units, a 1 bedroom unit and a retail tenancy on ground level. Fully renovated in 2020 and returning annual gross rent of $148,000. This two-storey building is located on a main arterial road in an area of demand, close to the freeway to the airport and western suburbs, near a future planned metro station, and offers prime future development potential. Positioned on a corner in a suburb and council area undergoing rezoning, it presents a great investment as-is or for future development.

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