Ray White Commercial is pleased to present 139 Norton Street, Leichhardt NSW for sale via Online Auction.
A precious opportunity to acquire this mixed-use freehold property with immediate secured income and future development upside. Strategically located at the busiest intersections in Leichhardt's commercial precinct, the property benefits from incredible vehicular and foot traffic 7 days a week.
The Parramatta Road Corridor Urban Transformation Strategy has listed Leichhardt as one of the new commercial hot spots along the reinvented Parramatta Road. The multi billion dollars investment in West Connex and West Metro will dramatically improve the connectivity between Inner West and the rest of Greater Sydney, boost the population growth and create tens of thousands of job opportunities.
The building has been upgraded to minimize the risk of triggering high maintenance cost. After over 10 years successful trading, THAINAMIC, one of the best Thai restaurants in Leichhardt, has decided to relocate to 139 Norton Street due to its superior location. The residential tenant on Level 1 has renewed their lease for the second time. Savvy investors will enjoy the benefit of immediate secured income whilst wait for market review or plan to capitalize future development upside.
Additional Highlights of the property are outlined below:
• Mixed-use freehold building
• Total site area 209m2*
• Superb eye-catching intersection location
• Annual gross income $74,124* (inc. GST)
• Ground floor leased to 5-star rating Thai Restaurant
• Level 1 leased to a respectable young family
• Major capital expenditure in 2020
• Complimentary council parking nearby
• Two (2) street access including rear lane access with onsite private parking
• Strategically located in Norton Street Precinct-Australia's 3 Little Italy Heritage
• Bus stop at the doorstep
• Easy access to CBD and Greater Sydney via City West Link and Parramatta Road
The property will be offered for sale via Online Auction on Wednesday, 8 December 2021 at 1pm (AEDT).
For more information, please contact the below exclusive agents.
