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Sold on 18 Jan 2022

357 Sydney Road Balgowlah NSW 2093

  • Shop & Retail
  • 350 m²
  • Sold

OUTSTANDING FREEHOLD INVESTMENT

    Ray White Commercial as exclusive selling agent, is pleased to present 357 Sydney Road, Balgowlah for Sale by Private Treaty.

    Perfectly positioned in one of Sydney's best lifestyle suburbs, 357 Sydney Road, Balgowlah presents as an outstanding investment opportunity. The freehold property comprises a mixed use building with four tenancies. The ground floor is occupied by the successful contemporary café Balgowlah Social; and a separate refurbished two bedroom apartment/ office. The first floor comprises of a newly refurbished office suite with a reception area occupied by financial services business Equity Story, with three separate offices, exclusive use bathroom and kitchenette. There is also a recently refurbished very large one bedroom apartment with chic interiors and expansive district views. The lower ground floor has rear lane access with garaging for up to 3 cars plus a large amount of storage and a separate bathroom.

    The property is located in the commercial hub of Balgowlah surrounded by cafes, restaurants and retailers and situated adjacent to Stockland Balgowlah which offers a Coles supermarket, Harbord Growers Market, Fitness First Platinum and 65 specialty stores, including a quality fresh food market, a fashion precinct and over 700 retail car parking spaces. There is also a free council carpark on Condamine street, opposite the rear lane access of the property.

    City buses at the front door and a few minutes to Manly including its famous beaches and ferry to the city.

    The property offers huge flexibility with an estimated net income on a fully leased basis of approximately $153,944.32 per annum + GST*.

    Property Highlights:
    • Three storey mixed use retail, commercial and residential freehold building
    • Rear lane access with garaging for 3 cars + storage
    • Prime position on Sydney Road, Balgowlah commercial hub
    • Located adjacent to Stockland Balgowlah with over 700 car spaces
    • Ground Level - incorporates a retail shop tenanted by established cafe Balgowlah Social and a separate two bedroom residential apartment/ office space
    • Grease trap and exhaust
    • First Floor - consisting of a commercial suite with a brand new fit out, leased to financial services business Equity Story, and a newly renovated large one bedroom residential apartment with district views
    • The large one bedroom apartment is fully fitted out with all standard appliances such as dishwasher, microwave, fridge, washer/dryer, lighting rang hood, and fixtures.
    • Basement - consists of a large garage, storage and separate bathroom which is able to be leased separately (subject to approval)

    Tenancy Highlights:
    • Balgowlah Social - a successful and contemporary eatery and espresso bar with a strong local following
    • Grease Trap and Exhaust with a fully fitted commercial kitchen
    • Separate male and female toilets
    • 1 x 2 bedroom/ office apartment
    • 1 x 1 bedroom apartment
    • 1 x 60 sqm* commercial office
    • Equity Story is a Sydney-based stock market research and reporting firm occupying the 60sqm* commercial suite
    • Consists of three separate offices and a reception area
    • 3 car spaces + storage

    *All figures are approximate

    For further information please contact Scott Stephens or Logan Grisaffe, 02 9969 1500.

    Scott Stephens
     Ray White Lower North Shore
    Scott Stephens
    Ray White Lower North Shore
    Logan Grisaffe
     Ray White Lower North Shore
    Logan Grisaffe
    Ray White Lower North Shore

    Property Highlights

    Property ID2017343305
    Date Sold18 Jan 2022
    Floor Area350 m²
    Land Area186 m²
    Energy0-star NABERS Energy rating
    Parking3 x Onsite parkings
    Category
    Last updated  18 Jan 2022
    Map for 357 Sydney Road Balgowlah NSW 2093
    Scott Stephens
     Ray White Lower North Shore
    Scott Stephens
    Ray White Lower North Shore
    Logan Grisaffe
     Ray White Lower North Shore
    Logan Grisaffe
    Ray White Lower North Shore

    Property Highlights

    Property ID2017343305
    Date Sold18 Jan 2022
    Floor Area350 m²
    Land Area186 m²
    Energy0-star NABERS Energy rating
    Parking3 x Onsite parkings
    Category
    Last updated  18 Jan 2022
    102 Glover St Mosman NSW 2088
    Scott Stephens
    Scott Stephens
    Ray White Lower North Shore
    Logan Grisaffe
    Logan Grisaffe
    Ray White Lower North Shore

    Scott Stephens

    Ray White Lower North Shore

    Logan Grisaffe

    Ray White Lower North Shore

    0409 *** ***
    0409 960 006

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