Set amongst prestige boutiques, galleries, cafes and historic homes at the bustling heart of Balmain village, this architect-renovated Victorian commercial terrace incorporates ground floor retail plus two split-level 2-bedroom apartments and 2-car garaging. Just a few metres away from Balmain markets, with buses at the door, opposite the landmark London Hotel and surrounded by destination shops such as Hunt Leather and the Punch Gallery, it’s a prime position to command strong rental returns and ongoing capital growth.
+ Refurbished ground floor shop with polished timber floors, reverse cycle air-conditioning, charming traditional front window, steps up to rear display area, fully-tiled bathroom and balcony. Internal stairs down to lower level study/storeroom with French doors to walled courtyard garden and access to secure garaging and laundry area. Total internal area approx 69sqm
+ Shop is leased to fine food purveyors "Bacchus" on a 3 year lease to 31/07/14 at approx $47,000 net per annum with annual increases by 4% and two 3 year options
+ Two stylishly renovated upper level split-level apartments with reverse cycle air-conditioning, Caesarstone kitchens with stainless steel appliances, balconies, built-ins and fully-tiled Travertine bathrooms
+ Front Apartment: Separate security street entrance on Darling Street and stairs lead up to spacious open plan living with timber floors and French doors to lacework front balcony. Galley style kitchen. Bedroom with en-suite, built-ins and rear deck with panoramic City skyline and Harbour Bridge views. Sun-filled top floor studio/master bedroom with timber floors, cathedral ceilings with skylights and large deck with spectacular picture postcard City, North Sydney, Harbour Bridge, water and Balmain roofscape views
+ Rear Apartment: Separate street entrance on Queens Place with stairs to split level apartment over garage. Open plan living with kitchen with under-bench laundry and patio doors to covered balcony overlooking historic streetscape to rear. Bedroom with built-ins and bathroom on this level plus upper level master bedroom with cathedral ceiling, timber floors, built-ins and covered balcony with City Skyline and North Sydney views.
+ Two-car approx 40sqm tandem garage with laundry area and automatic roller door rear street access from Queens Place.
+ Front apartment is currently rented on a 12-month lease at approximately $800 per week
+ Rear apartment is currently rented on a 12-month lease at approximately $630 per week
+ Thinking about opening your own business in the future? Invest now in this top position and plan to move your business, home plus rental into the property in the future
+ An attractive investment in this key Balmain village position with strong rental returns, plenty of retail and residential tenant appeal and good capital growth potential. Renovated around 3 years ago, there’s nothing further to spend and with quality tenants in...
