Presenting 1159 Botany Road, Mascot, to the market for sale. Held by the same owner for 55 years, this tightly held property is now available due to retirement, offering a rare opportunity to secure a freehold asset in a high-demand location.
The property spans over 225sqm and features a spacious retail area, rear workshop, two walk-through refrigeration rooms, staff room and rear laneway access for seamless deliveries. On-site parking for two cars adds further convenience.
Positioned in the heart of a thriving shopping precinct, the property benefits from exceptional exposure on Botany Road and is surrounded by well-established businesses, including Pizza Hut, Bakers Delight, IGA, Hong Ha, and Auto One. With a height allowance of 14 metres, the site presents an outstanding opportunity for further development, subject to council approval. This is a rare chance to secure a high-profile property with a strong commercial history and future growth potential.
KEY PROPERTY INFORMATION:
+ Prime location in a thriving shopping precinct with excellent exposure for any business
+ Option to occupy with short term lease
+ Current Net income of $122,909 + GST per annum
+ Tenant pays all outgoings (excluding land tax)
+ Convenient rear lane access for deliveries
+ On-site parking for two cars via rear laneway
+ Expansive 225sqm landholding with development potential
+ Zoned E1 Local Centre, allowing for a range of uses
+ Height allowance of 14 metres with an FSR of 2:1
+ Situated within Bayside Council jurisdiction
Offered for sale via Private Treaty.
Reduced to sell with an asking price of $2,780,000
Available with 12 month lease or with Vacant Possession.
Please contact the exclusive agents today for further details or to arrange an inspection.
Steven Kruyer 0414 404 070
Guy Yarden 0404 082 262
