MARRICKVILLE

8632206.full

Subject: MARRICKVILLE

Auctioned

Auctioned

PRIME INNER WEST DEVELOPMENT SITE WITH SIGNIFICANT HOLDING INCOME

Property ID: 8042826


  • 1,007.1m site* with an 18.29 metre* frontage.

  • High profile site in a vibrant section of Illawarra Road metres from its intersection with Marrickville Road.

  • Returning approx. $220,000 per annum net from 6 tenancies.

  • Tenancies comprise of 2 x retail, 1 x office, 2 x residential and 1 x tower.

  • Floor Space Ratio of 2.5:1 as per Marrickville Council LEP 2011.

  • Potential to significantly increase returns.

  • 5 tenancies expire between now and Aug 2016, with the 6th tenancy being subject to a demolition clause.

  • High demand suburb in Sydney’s strong performing Inner West.

  • Attractive settlement terms.

  • A rare opportunity opportunities to purchase sites like this are rare. Our vendors are genuine and seek a definite sale.

Buyers can look forward to achieving strong re-sales as part of any re-development in this appealing & strategic position. All the amenity of Marrickville’s shopping strip is at your doorstep and it is just 400 metres from Marrickville Train Station and 8 kilometres from Sydney CBD. This is the ideal position for your next project, one not to be missed.

AUCTION

Tuesday 2nd June 2015 commencing at 10:30am at Auctionworks – 50 Margaret Street, Sydney.

For further details please contact Luke Smith on 0416 281 577 or Michael Fragakis on 0402 250 067.

ZoningB2 Local Centre
TenantedNo
www.mapsembed.com

Why Raine & Horne Commercial?

Raine & Horne Commercial knows local and regional property markets intimately, with the support and systems of a long-established national and international property group. Our clients benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.