207-209 Glebe Point Road, GLEBE, New South Wales, 2037

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Sold

Sold for $2,050,000 (Jan 16, 2019)

Beautiful Italianate Terrace With Upside

Feel inspired when you inspect this opulent, double fronted, spacious three level terrace etched in history with handy rear lane access for two cars. Perfectly positioned right amongst the colourful hustle along Glebe Point Road, grandly standing tall whilst quietly commanding many customers.

This property blends old style charm with a touch of modern. Boasting high ceilings, fireplaces, timber floor boards, period features and sash timber windows at the front whilst capturing amazing views out to Sydney’s city skyline from floor to ceiling bespoke windows at the rear of the restaurant. The two upper levels are predominantly dining space with a large commercial style kitchen and two bathrooms. Below is the basement used for storage leading to a small courtyard and the rear lane.

Built as two separate homes originally and with use rights as a restaurant, the space is also fit a for a myriad of commercial/residential uses and scope to increase building area significantly (STCA). This property has just become vacant creating an opportunity to move your business straight in or rent out and enjoy the solid income this property attracts on the main street of Glebe.

Close to schools, shops, parks and city transport.

Features:



  • 2 separate titles – the terraces can be divided into two separate premises

  • Zoning – B2 Local Centre

  • FSR – (1.5-1.99) : 1

  • Height – 9-9.99m

  • Current use as a restaurant with potential residential use

Property Info:

  • Property ID: 19858715
  • Property Type: Other
  • Building / Floor Area: 250 sqm
  • Garages: 2

We Know Your Area

R&H Suburb Profile: Glebe

R&H Suburb Summary Houses
Number of sales 61
Average Price $1,652,472
Median Price $1,550,000
Median Rental Price $900 p.w.
Change in Rental Rate (5yr) 16 %
R&H Suburb Summary Units
Number of sales 75
Average Price $850,586
Median Price $763,750
Median Rental Price $550 p.w.
Change in Rental Rate (5yr) 15 %
Glebe, NSW - Median Trend