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173 Alison Road
Randwick NSW 2031
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Sold on 1 Mar 2021

173 Alison Road Randwick NSW 2031

  • Other
  • 225 m²
  • Sold, $2,650,000

Fully Leased - Residential and Commercial Investment Opportunity

An exciting opportunity exists to purchase this entire premises in the heart of Randwick Junction. The property comprises of two shops and two 2/3bedroom apartments.

The possibilities for income generation are multiple and varied. This fantastic ensemble is directly opposite Alison Park, moments to Belmore Rd and on the direct bus route to the CBD. Both shop fronts (front and back) are currently leased as gym spaces.

Current return of $125,000 (inc gst) per annum

Shop 1 (Alison Rd, frontage): $44,000
Shop 2 (Bell Lane, frontage): $34,320
Apt 2 (Level 1): $26,000
Apt 3 (Level 2): $20,800

• Commercial premises offer a multi-purpose space currently utilised as a gym, featuring down lighting and security grilles, directly facing Alison Rd to benefit from the strong pedestrian flow.
• Each of the two apartments offers two to three spacious bedrooms, a kitchen, a main bathroom and a guest wc
• Apartment #1 presents with a combined living and dining area plus a balcony
• Apartment #2 offers a separate lounge and dining area
• Discover a third level housing a shared laundry (possible studio) and a vast storage area, with potential to convert into a private and spacious roof top
• Set amongst the thriving commercial bustle of Randwick Junction

Property Highlights

Date Sold1 Mar 2021
Sold Price$2,650,000
Floor Area225 m²
Land Area225 m²
ParkingAsk Agent
Property ID2016518454
Category
Last updated  1 Mar 2021
Map for 173 Alison Road Randwick NSW 2031

Property Highlights

Date Sold1 Mar 2021
Sold Price$2,650,000
Floor Area225 m²
Land Area225 m²
ParkingAsk Agent
Property ID2016518454
Category
Last updated  1 Mar 2021
20 Belmore Road Randwick NSW 2031

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