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54 Norton Street Leichhardt NSW 2040

  • Shop & Retail
  • 240 m²
  • For Sale, For Sale $2,250,000 (under offer)

Invest, Occupy or Develop in the heart of Norton Street

  • Holding Income Value add opportunity
  • Net passing income of $87,800* per annum
  • Proposed uplift in planning controls

Ray White Commercial Sydney City Fringe is pleased to present 54 Norton Street, Leichhardt for sale $2,250,000

Opportunity to owner occupy, invest or add value in the heart of Leichhardt.

Commanding a high-profile location along one of the busiest streets in Leichhardt, the property affords exceptional vehicular and foot traffic exposure located just meters from the Norton Plaza shopping centre and the epicenter of Leichhardt's commercial precinct.

This single-story building is surrounded by primarily two-level mixed-use retail/residential buildings and has not been utilised to its full potential. Proposed uplift in planning controls to FSR 1.9:1 and height of building 17 metres under the Parramatta Road Urban Transformation Strategy.

54 Norton Street benefits from the following key highlights;

- Freestanding with a generous land size of 272sqm*
- 9.2 metre Norton Street frontage
- Leased to Creek & Cella with net passing income of $87,800* per annum
- Break clause in the lease with the opportunity to occupy.
- Currently fitted out as a restaurant, cafe and wine bar.
- Commercial kitchen with grease trap, exhaust and cool-room.
- Large dining room and private function room and bar.
- Elevated outdoor terrace at the front and enclosed courtyard at the rear
- Zoned B2 - Local centre with proposed uplift under the Parramatta Road Urban Transformation strategy (STCA).
- High profile location, holding income value add opportunity

For more information or to request a copy of the information memorandum, please contact the exclusive selling agents.

For more information please contact the below agents:

Kristian Morris
Principal and Licensee in Charge
Ray White Commercial Sydney City Fringe
0411 415 297
02 9660 1717
kristian.morris@raywhite.com

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Kristian Morris
Ray White Commercial Sydney City Fringe
Kristian Morris
Ray White Commercial Sydney City Fringe

Property Highlights

Property ID2017084442
Floor Area240 m²
Land Area272 m²
Energy0-star NABERS Energy rating
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  22 Jun 2021
Map for 54 Norton Street Leichhardt NSW 2040
Kristian Morris
Ray White Commercial Sydney City Fringe
Kristian Morris
Ray White Commercial Sydney City Fringe

Property Highlights

Property ID2017084442
Floor Area240 m²
Land Area272 m²
Energy0-star NABERS Energy rating
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  22 Jun 2021
Ground Floor Suite 9/198-206 St Johns Road Glebe NSW 2037
Kristian Morris
Kristian Morris
Ray White Commercial Sydney City Fringe

Kristian Morris

Ray White Commercial Sydney City Fringe

0411 *** ***
0411 415 297

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