Property ID: 17989623
Auction on Oct 28, 2017 @ 4:15 pm
Property Website: www.368abercrombiestreet.com
Set within a stone’s throw of Sydney University, Darlington’s village strip and Redfern rail, this property has been the home to one of the area’s most iconic restaurants for many decades.
This fabulous property offers the potential for further improvement whilst benefiting from continued income produced by its long-term, secure commercial tenant on the ground floor. The upper level holds conditional DA approval for a 4 bedroom residence, its substantial floor area delivers an opportunity to create a generous family-sized abode or utilise as an investment, capitalising on the downstairs rental return.
The building stretches across a large 185sqm corner block with a 6m frontage and includes large lock-up storeroom to the rear. The restaurant is fitted with a large commercial kitchen, bar area, male and female bathrooms and dining areas. Upstairs is configured with five rooms, a functional kitchen, bathroom with two toilets, large outdoor entertainers terrace and rooftop storage room. Explore this extraordinary opportunity to own a landmark property with a healthy income stream and superb further potential.
|Land Area||185.8 sqm|
|R&H Suburb SummaryHouses|
|Number of sales||33|
|Median Rental Price||$745 p.w.|
|Change in Rental Rate (5yr)||23 %|
|R&H Suburb SummaryUnits|
|Number of sales||22|
|Median Rental Price||$520 p.w.|
|Change in Rental Rate (5yr)||5 %|