Invest in a prime main road location in the established retail and commercial hub of the Inner West. This traditional two-storey full brick commercial terrace with upper level residence is fully leased with current rental returns of $43,360 per annum. Just around the corner from Norton Street’s renowned restaurant district and the landmark Italian Forum, with buses at the door and high levels of pedestrian and vehicle traffic, it’s an appealing investment in one of Sydney’s key inner City growth areas.
+ The turn-of-the-century terrace 3.7m-wide terrace has been updated to provide modern ground floor office space and a renovated 2-bedroom upper level residence
+ Classic terrace frontage with floor-to-ceiling front window, sliding entrance door plus traditional awning
+ Front reception area, central meeting room plus large, lockable open plan rear office area with high ceilings and reverse cycle air-conditioning
+ The commercial premises have back door access to a separate kitchen and washroom
+ External rear stair access to renovated upper level apartment with 2 light and airy bedrooms, living area with neat kitchen with breakfast bar, bathroom and external laundry
+ Set on an approx 120sqm block with rear access from Renwick Lane to lock-up-garage, currently with secure pedestrian-only access
+ Commercial level is leased to RAMS until 14/8/14 with a five-year option. Current rental is $21,000 per annum gross with annual increase of 4%
+ Residential level is leased until 17/5/12 on an annual rental of $22,360 ($430 pw)
+ Invest in solid returns, ongoing tenant appeal and capital growth potential in this key retail location
