Invest in position and potential at the centre of Drummoyne's thriving retail and business hub. Located at the high point of Victoria Road, this traditional commercial terrace with upper level 3-bed apartment, offers strong yields and a premium redevelopment opportunity (STCA) to capitalise on the 215sqm block with dual street frontages and B4 Mixed Use zoning.
* Rear frontage to Wrights Road and off-street parking for 4 cars
* Ground floor commercial/retail provides expansive front office and two further office areas, two contemporary bathrooms, modern kitchen plus kitchenette/laundry
* Ideal for consultancy, professional services, health and beauty, specialist retail or creatives
* Upper level older 3 bedroom apartment with eat-in kitchen and lounge opening to NE-facing terrace.
* Zoned B4 Mixed Use under the City of Canada Bay LEP (August 2013) and DCP (February 2017) with FSR of 2.0:1.0 allowing a range of development options, with consent, including commercial, retail, shop top housing, hotel/motel accommodation, medical centres and community and recreation facilities
* Potential for mixed use development up to four storeys (STCA) would capture expansive Harbour Bridge, water and City skyline views from upper levels
* Great exposure for retail or business, with tens of thousands of passing vehicles and bus passengers every day, plus constant pedestrian activity with Post Office, shopping centre, restaurants and cafes nearby
* Desirable suburb with quality homes, high income demographic, City, Ryde & Parramatta bus at door and easy access to the City 8km away
* Astute investment with potential returns of $1200 per week, home plus business or redevelopment opportunity.
Open For Inspection:
Saturday 6 May 11.00 - 11.40 am
Saturday 13 May 11.00 - 11.40 am
Saturday 20 May 11.00 -11.40 am
Saturday 27 May 10.45 - 11.15 am
We have obtained all information from sources we believe to be reliable; however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
