8 Heeley Street, Paddington, NSW 2021

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Auctioned

Auctioned

Iconic Village Investment Offering Multiple Income Streams

Part of the landmark Five Ways village destination, this premium holding capitalises from commercial and residential tenancies across a dual access block of approx 120sqm. The street-front premises has succeeded as a restaurant and now a hairdresser, with a quality tenant who is motivated to extend. Stylishly updated in recent years the upstairs apartment has a combined dining and kitchen area, separate lounge and balcony with views over Rushcutter’s Bay and an ultra-convenient village lifestyle. Enhance your portfolio with a diverse property that has genuine appeal and growth prospects.

- Current combined income of $78,000 (approx) + GST

- Lease runs until November 2022, 3 year option

- Landmark address offers excellent exposure

- Shop defined by clean lines & timber floors

- Modern downlights, ducted air conditioning

- Back of house kitchenette & cool room

- Rear access to parking & discreet shop entry

- Apartment enjoys air conditioning & natural cross-flow & plenty of natural light

- Combined kitchen and dining, Smeg appliances

- Harbour and district views from balcony, internal drying courtyard

Open uri20191227 24299 1sodkjb.profile
LREA, Director PGBML Holdings Pty Ltd
High 4.profile
Sales Associate to Paul Langsam

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Property Info:
  • Property ID: L11638868
  • Property Type: House
  • Garages: 1
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R&H Suburb Profile: Paddington

R&H Suburb Summary Houses
Number of sales 276
Average Price $3,086,743
Median Price $2,850,000
Median Rental Price $1,100 p.w.
Change in Rental Rate (5yr) 10 %
R&H Suburb Summary Units
Number of sales 101
Average Price $1,403,808
Median Price $1,200,000
Median Rental Price $460 p.w.
Change in Rental Rate (5yr) -10 %
Paddington, NSW - Median Trend
$2,850,000