This exciting premium mixed-use investment is set upon an oversized rectangular shaped parcel of land that recently underwent a meticulous renovation. This property provides the incoming purchaser the opportunity to purchase into Drummoyne’s vibrant restaurant culture via a strategic and stable investment that has stood the test of time.
Property highlights include:
- Fantastic location benefiting from high levels of passing pedestrian and vehicular traffic, also being only 7 kilometres from the Sydney CBD
- Commanding freehold building occupying a large 423.7m2 (approx.) elevated block in a tightly held locale
- Low risk 7 + 7 year lease to ‘Lashings’, an inner west institution that has occupied the property for over 10 years, together with a stable residential tenant
- Refurbished building providing ground floor indoor and outdoor seating, aesthetically pleasing display counters and high quality commercial kitchen with ample storage areas and disabled amenities
- Oversized first floor three bedroom apartment with kitchen, living room and bathroom overlooking surrounding development
- Large rear backyard offering extension potential (STCA)
- Suitable for passive investors seeking a stable cash flow, land bankers or inner west enthusiasts
151 Lyons Road will be offered for sale by way of Public Auction on Thursday, 13 September at 10:30am.
For further information please contact the exclusive agents.