189-189a Parramatta Roads Annandale NSW 2038
- 400 m²
- For Sale, Ask Agent
6 Secure income streams on two seperate titles
- Great investment Development Upside
- Close to CBD
- Premier innerwest Retail location
Honeysure takes pleasure in the exclusive offering of 189-189a Parramatta Road Annandale. The property is serviced by precious rear lane access via Albion Lane. Annandale is one of the premier and most desirable inner west suburbs situated approx. 5 km’s from Sydney CBD , Darling Harbor and Sydney University well serviced by public transportation. Zoned B2 Local Centre, this commercial and residential property is on two separate titles offering 6 separate income streams from both commercial & residential tenants. The entire building has had extensive work done both externally and internally with a single car garage as well as parking for 3 cars on site.
A Development opportunity with exciting possibilities that are in alignment with the 6B Enterprise corridor, part of the NSW Government Urban strategy for Parramatta Road re-development.
Currently the FSR is 1:1 however there is a ministerial direction that Inner West Council is to prepare a planning proposal for Parramatta Road which is consistent with the strategy. Download the document “Planning & Design Guidelines” and note pages 240,241,244,245,247. The area is proposed for a 3:1 F.S.R.. and 22mtr height which could allow for a 6 story structure.
Possible re-configuration of internal layout could increase rental income. With a 9 month demolition clause in lease contract, this property offers a secure income whilst a new DA is being considered. A solid investment in a growth area that offers inner west lifestyle convenience and commercial access to the West
|Supporting Document 1|
|Floor Area||Ask Agent|
|Land Area||400 m²|
|Parking||4 x Onsite parkings|
|Annual Return||Ask Agent|
|Last updated||26 Oct 2019|