399 Parramatta Road, Leichhardt, NSW 2040

Floor Area:

120sqm

Land Area:

114sqm

Sold

Sold Prior To Auction

Affordable Retail Shop & Residence in the Heart of Parramatta Road, Leichhardt | Auction 27th August 2024

An excellent opportunity to acquire this two-level mixed building fully leased to two separate tenancies. Strategically located on Parramatta Road next to the busy Norton Street intersection, the property benefits from incredible exposure to vehicular and foot traffic 7 days a week in this popular Inner West suburb.

Key Features:

> Fantastic opportunity for investors, owner occupiers with future development upside (as part of NSW Government's Parramatta Road Corridor Urban Transformation Strategy)

> Ground floor retail showroom & first floor 2-bedroom residence

> Strategically located on Parramatta Road, right next to the intersection of Norton Street, Leichhardt in Sydney's 'Little Italy'

> Secure rental income from two separate tenancies, returning $53,820 per annum (ex. GST)

> Rear lane access via Renwick Lane

> Off-street parking for 1 vehicle

> Land area 114sqm approx.

> The property is surrounded by popular neighbours: Norton's pub, Moretti pizzeria, Norton Plaza , Australia Post, Leichhardt Town Hall and Palace Cinemas

> Close proximity to ample street parking, council parking bays, bus stops, Leichhardt North light rail and Petersham train station

*All amounts, areas and distances are approximate

Auction Details:

For Sale by Auction on Tuesday, 27th August 2024

In Rooms & Online, 50 Margaret Street, Sydney NSW 2000

Nicholas Smith

Director | Licensed Real Estate Agent | Licensee in Charge

Dane Henrich

Sales & Leasing Consultant

Got a property to sell? Contact us for a free Request Appraisal

Property Info:

Property ID: L1194340
Property Type:Retail
Building / Floor Area:120 sqm
Land Area:114 sqm
Car Spaces:1

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