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Sold on 16 Nov 2019

122-128 Marion Street Leichhardt NSW 2040

  • Development / Land
  • 506 m²
  • Sold

FREEHOLD LEASED INVESTMENT WITH DEV UPSIDE

Ray White Commercial NSW - Sydney City Fringe and Mainstreet Commercial are pleased to present 122-128 Marion Street, Leichhardt to the market for sale the first time offered in 39 years.

The property a two-storey mixed-use building asset positioned at the heart of the Marion street town centre with exceptional vehicular and foot traffic exposure and only 50 meters to the entrance to Leichhardt Market Place. The property's address and title identify a frontage facing Marion street however, the property's exposure extends around the corner to Edith street with rear access, parking and loading. The property by itself represents a corner site both for value add as well as potential redevelopment (STCA).

122-128 Marion Street benefits from the following attributes;

• Fully leased freehold building presenting an opportunity to invest or occupy
• Currently, a two-storey mixed-use building let to 5 separate tenants.
• Opportunity to redevelop with holding income
• Annual net passing income of $223,678.51*
• Prime positioning at the heart of Marion Street retail strip
• Prominent corner site with dual street frontages
*approximate

122-128 Marion Street Leichhardt will be offered for sale via Auction, on Saturday 16th November 2019, 11.00am - On-site.

To discuss the property in further detail, please get in contact with the listed agents below.

Kristian Morris - 0411 415 297 or Danny Harb 0414 944 471

Note: Ray White Commercial & Mainstreet commercial recommend you conduct your own investigation prior to purchasing the property. Ray White Commercial and Mainstreet or its representatives take no responsibility for the accuracy of this information.

AUCTION

Auction date and time16/11/2019 11:00
Auction location122-128 Marion Street, Leichhardt NSW

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015767751
Date Sold16 Nov 2019
Floor Area605 m²
Land Area506 m²
ParkingAsk Agent
Category
Last updated  28 Nov 2019
Map for 122-128 Marion Street Leichhardt NSW 2040
Map for 122-128 Marion Street Leichhardt NSW 2040122-128 Marion Street Leichhardt NSW 2040
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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