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151 Lyons Road
Drummoyne NSW 2047
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Sold on 12 Sep 2018

151 Lyons Road Drummoyne NSW 2047

  • Shop & Retail
  • 424 m²
  • Sold

Huge block with underlying development upside (STCA)

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.

AUCTION

Auction date and time13/09/2018 10:30
Auction locationDexus Place - Level 5, 1 Margaret Street, Sydney

Property Highlights

Date Sold12 Sep 2018
Floor Area424 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2014541347
Category
Last updated  13 Sep 2018
Map for 151 Lyons Road Drummoyne NSW 2047

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Property Highlights

Date Sold12 Sep 2018
Floor Area424 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2014541347
Category
Last updated  13 Sep 2018

Co-Agents

James Cowan
James Cowan
Colliers International - Sydney
Call
+61 425 337 691
Miron Solomons
Miron Solomons
Colliers International - Sydney
Call
+61 411 709 666
Matt Pontey
Matt Pontey
Colliers International - Sydney
Call
0438 337 799

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