187 Lyons Road Drummoyne NSW 2047

Located in a prime corner position in Drummoyne's premier dining and cafe strip, this unique offering represents an excellent opportunity to secure a multiple income stream investment.

The current Net Income of $173,000 pa (approx), predominantly generated from the highly successful "Frango" Portuguese Chicken restaurant, has immediate potential to be significantly increased by completing a DA-approved mixed-use building on the vacant hardstand/land component of the site.

The property is positioned on a total site area of 676 square metres and enjoys a frontage to Lyons Rd of almost 15 metres and side boundaries of 46 metres (approx.

To highlight the calibre of the immediate locale, Woolworths has a proposed local distribution centre earmarked directly opposite, and other neighbours include Chargrill Charlie's, Drummoyne Bakehouse, and Ocean Foods, all of which are local institutions.

- Zone E1 Local Centre, 3 established tenancies + vacant block
- Retail with 5 yr lease (expires 2027 with a demolition clause)
- High-visibility site in an established dining hub, 14.8m frontage
- High-growth location opposite the upcoming Woolworths site
- 2 x 3 bed Federation semis with DA approval to add value
- Fine period craftsmanship, ornate ceilings, private courtyards
- Approval for a 2 storey Mixed Use development via Barney St
- 40sqm commercial with parking plus 2 x 51sqm apartments
- Current combined gross annual rental return $217,713
- Significant development upside with DA and CC already in place
- Approval to renovate the 2 semis plus triple off-street parking
- Strong rental yields and superb capital growth potential
- Neighbourhood hub opposite Chargrill Charlie's and Bakehouse
- Capitalise on the DA approved plans and unlock the potential

Expressions of Interest closing Tuesday, 18 June 2025 at 3:00pm