SOLD At Auction by Nick Countouris - New Record Yield of 3.53% - $5,100,000
24/11/2016
The property is a tenanted investment with strong income and future redevelopment upside that has been identified under the Bankstown to Sydenham Draft Strategy as 'Main Street Shop Top Housing'. Situated in a prime location and positioned 140 metres from Sydenham Train Station and 5 km south of the Sydney CBD, the following are the positive selling features of the property:
- Attractive corner location with over 1240sq m of building area where Unwins Bridge Rd meets with Railway Rd & Gleeson Ave
- Gross Income $202,000 / Strong tenants including BONDS Factory Outlet
- 140 metres from Sydenham Train Station, 5 km South from Sydney CBD
- Garaged parking x 2 cars
- Land Area – 667sq m (approximately)
- B1 Neighbourhood Centre - Marrickville Local Environmental Plan 2011
- Bankstown to Sydenham Draft Strategy identifying property as Shop Top Housing (5 Levels)
- Close proximity to Marrickville Metro, Ikea, Princes Highway, Airport
- Strong catchment neighbouring to some of Sydenham and Marrickville's notable businesses
