Property ID: 17781232
Attention investors: this dual-level freehold building occupies a prime corner position directly opposite Petersham Park and offers numerous creative possibilities. Currently operating as a successful specialty cafe/restaurant plus two residential apartments, the property has a high standard of appearance and generates solid annual returns.
The streetfront cafe is fully equipped with servery bar, counter and commercial kitchen facilities plus there are two well-presented upstairs residential apartments. One has three bedrooms, the other one bedroom. All three properties have separate tenants and enjoy leafy views over the park, plus there is access to parking space along the side of the building.
This unique property offering will have an instant impact on investors because of its diverse range of separate tenancies earning a combined $124,140 per annum in rental income. It would make a great home plus income prospect, a high performing investment or the perfect superfund asset.
This quiet location is tucked away within a few footsteps to city buses along Parramatta Road and is positioned with ease of access for customers and year-round pedestrian traffic.
|Building / Floor Area||360 sqm|
|R&H Suburb SummaryHouses|
|Number of sales||76|
|Median Rental Price||$750 p.w.|
|Change in Rental Rate (5yr)||32 %|
|R&H Suburb SummaryUnits|
|Number of sales||77|
|Median Rental Price||$500 p.w.|
|Change in Rental Rate (5yr)||16 %|