2 Portman Street, ZETLAND, 2017, New South Wales

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Subject: 2 Portman Street, ZETLAND, 2017, New South Wales

Auctioned

Auctioned for $1,400,000 (Nov 28, 2015)

Cafe & residence offering creative opportunities

Property ID: 8410932

Ideally located opposite Green Square’s upcoming library and plaza development, this dual-level cafe plus residence freehold building occupies a peaceful corner position within a short walk to the train station.


It consists of an established street-front cafe complete with seating for up to 20 people and approved outdoor dining area, a fully equipped commercial kitchen, preparation/storeroom, service area and outdoor toilet.

On the upper level is a generous one-bedroom apartment in great condition with high ceilings, gas kitchen and a large rear terrace. There is also a private back garden with access from the side street.

With three street frontages and a high standard of appearance, this is a solid investment opportunity with current rental returns of $41,413.52 gross pa and possible future redesign (subject to Council approval) to increase income.

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R&H Suburb Profile: Zetland

R&H Suburb SummaryHouses
Number of sales 11
Average Price $1,591,573
Median Price $1,625,000
Median Rental Price $845 p.w.
Change in Rental Rate (5yr) 56 %
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Average Price $793,605
Median Price $920,000
Median Rental Price $710 p.w.
Change in Rental Rate (5yr) 24 %
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