Commercial Property Group is proud to present a rare investment opportunity in the heart of Sydney's vibrant Inner West. Positioned in tightly held Haberfield, this unique property comprises four (4) fully leased, self-contained three-bedroom apartments, delivering secure income, minimal landlord obligations, and outstanding future development potential.
Key Highlights:
Strong Holding Income $195,000 PA Gross
Leased to a single, well-established operator who fully renovates, furnishes, and rents out each apartment on a room-by-room basis. The tenant manages internal upkeep and daily operations, significantly reducing landlord responsibilities. They've also expressed intent to renew the lease, with potential for a rental uplift on renegotiation.
Value-Add Potential:
Enhance rental returns & consider future strata subdivision, or redevelop the site into a higher-yielding use in alignment with the E3 zoning (STCA).
Unbeatable Haberfield Location
Set along the high-exposure corridor of Parramatta Road, this site offers unmatched connectivity and lifestyle convenience:
Major Arterial Access:
- City West Link (400m).
- M4 Motorway entry/exit (approx. 1km)
- Direct access to Great Western Highway and Hume Highway.
Transport Links:
- Under 1km to Ashfield Train Station
- Multiple bus routes along Parramatta Road
- Just 7km from the Sydney CBD
Opposite Ashfield Park
Enjoying a leafy parkfront outlook, directly across from the expansive and scenic Ashfield Parka key lifestyle and tenant attraction.
Lifestyle & Amenities:
- Minutes to Haberfield's iconic Ramsay Street eateries, Italian delis, and cafés
- Close to Ashfield Mall, supermarkets, Bunnings, and schools
- Walking distance to local childcare centres and community facilities
Auction Details:
Wednesday, 29th May 2025
6:00 PM
In-Rooms at Commercial Property Group Level 3, 56 Kitchener Parade, Bankstown
Open For Inspection Details:
Wednesday & Fridays, commencing from the 7th Of May 2025
11:30 AM - 12:00 PM
Or by private appointment with the agent.
Contact:
Ben Panayotopoulos
Senior Sales & Leasing Associate
0430 140 683
benp@commercial.net.au
