Ray White Commercial Sydney North is pleased to present 89 Edinburgh Road, Castlecrag For Sale by Public Auction.
This prime mixed used freehold property presents as an outstanding investment opportunity, situated in the tightly-held, sought-after retail strip of Edinburgh Road, Castlecrag.
Situated on a total land area of approximately 204sqm*, the premises comprises of a ground floor retail space of 75sqm* and a two bedroom apartment of 53 sqm*. In addition, there is parking for up to two cars at the rear, a full kitchen and bathroom and an office space included with the retail premises.
The property is located in a prime position on Edinburgh Road, directly opposite the Quadrangle Shopping centre and adjacent to Eastern Valley Way. Surrounded by retailers including IGA, Back & Forth cafe, Ganache Patisserie, Four Saints, Castlecrag Meats, Apera Restaurant and more. The property is accessible by easy street parking as well as free parking underneath the Quadrangle Shopping centre.
The location is well connected and passed by thousands of commuters daily*, with City buses arriving at the front door with a less than 20 minute commute to the CBD.
The property offers an estimated net income on a fully leased basis of approximately $111,565.85 per annum + GST* .
Property Highlights:
- Single-storey mixed-use Freehold
- 204 sqm* land area
- Rear lane access with garaging for up to 2 cars
- Prime position on Edinburgh Road, directly opposite the Quadrangle Shopping centre and adjacent to Eastern Valley Way.
- Great Investment opportunity with a potential Development Upside (STCA)
* All figures are approximate.
For further information please contact Scott Stephens 0409 960 006 or Logan Grisaffe 0403 916 433.
