Invest, lease, occupy or redevelop to capitalise on this high visibility Lyons Road location. This parcel of three adjoining single storey commercial buildings on One Title on a 215sqm block offers a wealth of opportunity for the astute investor. Currently one property is leased, two with vacant possession, offering a potential total income of up to $115,000. Zoned B1 Neighbourhood Centre under the Canada Bay LEP 2013, redevelopment potential spans a wide range of uses, including shop top housing to take advantage of the 8.5m maximum height, sunny Northerly rear aspect and popular residential location. Set in a local shopping strip with cafes, takeaways and services nearby, this triple opportunity is moments to Drummoyne's main shopping and dining hub, close to City buses and with easy access to the Inner West, Chatswood, Parramatta, Ryde and the City.
+ Shop 102 approx. 45sqm, shop 104 approx. 80sqm, shop 106 approx. 45sqm
+ Three single-storey commercial terraces on one Lot of approx. 215sqm
+ Building area approx.180sqm, net lettable area approx. 170sqm
+ Shop 104 leased for 3 years to 2025 at $38,180 +GST PA with market review at option
+ Opportunity to renovate for maximum rental appeal and return
+ Potential to redevelop (STCA) with max building height 8.5m
+ Total 17.7m frontage with high visibility on major traffic route to CBD
+ Popular local retail strip with established eateries, cafes & new Woolworths planned
+ City & Chatswood bus at door, minutes walk to Drummoyne centre
+ Plenty of off-street parking opportunities in surrounding streets
