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