Raine & Horne Commercial Inner West / South Sydney excited to present an opportunity to acquire a freestanding commercial property with development upside on a sweeping 26m* frontage with the advantage of being in a B2 Local Centre. Offered for the first time in 70 years and positioned in a key strategic location, only metres to a major shopping centre, public transport, both rail and bus, cafes, eateries, and positioned on the corner of Beamish Street and Ninth Avenue. This well constructed and solid freehold of approx. 850sqm* of building and approx. 830sqm* of land consisting of retails space/residential apartments with car access from Beamish St & Ninth Ave presents an ideal opportunity for occupiers/developers to acquire a commercial building which is earmarked for possible zoning uplift from the Bankstown to Sydenham Renewal Corridor (subject to Gazettal). Key features include:
• Ground floor bottle shop is approx. 340sqm* with two cool rooms, loading dock, kitchen, and storerooms and also leased to Laing & Simmons on an expired lease approx. 60sqm*
• Upstairs consist of two sperate areas with separate entrance of four bedrooms, eat in kitchens, internal laundries, separate lounge/dining room, ensuites, bathrooms, balconies, a large open terrace with separate entrances and two electricity meters
• Prominent Street presence with a sweeping 26m* frontage on approx. 830sqm* of land
• Dual Street access via Beamish Street and Ninth Avenue
• 3 Phase Power
• Height limit: 21 metres*, Zoned B2 Local Centre
• Presently a passing income of $252,400PA with genuine potential to increase your returns
• Prime position being a short walk to all Campsie has to offer including Campsie Centre, restaurants, cafes, and easy access to train station and schools
• A location that is evolving and will benefit from key infrastructure upgrades and potential rezoning *All amounts, areas and distances are approximate