74 Palace Street, PETERSHAM, 2049, New South Wales

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Subject: 74 Palace Street, PETERSHAM, 2049, New South Wales

Auctioned

Auctioned

COMMERCIAL & RESIDENTIAL PROPERTY I IMPRESSIVE SIZE & CHARACTER

Property ID: 18453892


  • Offering buyers the opportunity to invest, occupy or both

  • Flexible configuration currently providing 2 commercial and 2 residential tenancies

  • Ideal location in which to live, work & invest, only 200 metres from Petersham Train Station

  • Corner tenancy currently operating as The Butcherbird cafe and would be ideal for a similar use or easily adapted for a wide range of businesses

  • Additional ground floor commercial tenancy recently occupied by a florist

  • Main residence occupying the whole 1st floor consisting of 2 bedrooms, 2 bathrooms and an expansive entertainer’s deck

  • Self contained studio on the ground floor with a separate bathroom and a kitchenette

  • Additional office area with lease potential

  • Two lock up garages

  • Zoned B1 Neighbourhood Centre, suitable for a wide range of uses

Position yourself for success or secure strong rental returns here just a short walk from trains, buses, parks, schools and colleges in the vibrant Inner West.

Building / Floor Area227 sqm
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R&H Suburb SummaryHouses
Number of sales 74
Average Price $1,515,238
Median Price $1,635,000
Median Rental Price $750 p.w.
Change in Rental Rate (5yr) 32 %
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Number of sales 80
Average Price $612,076
Median Price $710,000
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) 20 %
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