Description

Mainstreet Commercial is pleased to offer for sale this rare freehold investment opportunity in the heart of Leichhardt.
409 Parramatta Road Leichhardt is a rare inner west freehold investment held by five tenancies. Situated near the iconic Norton Street Leichhardt, 5km west of the Sydney (CBD), surrounded by public transport including both buses and light rail, direct access to Parramatta Road and walking distance to Norton Street Plaza which is anchored by retailers such as Coles & Priceline Pharmacy.

Key Investment Highlights:

* Highly sort-after opportunity with high pedestrian & vehicular exposure
* Public transport virtually at your door step
* Located close to Petersham and Lewisham railway stations
* Three level masonry construction
* Mixed use both commercial & residential development
* Current commercial tenant is established and long standing
* 2 x 2 bedroom apartments
* 2 x Studio/commercial suites
* Land area 201sqm*
* Gross building area 385 sqm*
* Zoning B2 Local center
* Net passing income $103,300.00 + GST per annum on commercial*
* Rear lane access
* City views
* Off street parking

The Parramatta Road Corridor Urban Transformation Strategy has listed Leichhardt as one of the new commercial hot spots along the reinvented Parramatta Road. The multi billion dollars investment in West Connex and West Metro will dramatically improve the connectivity between Inner West and the rest of Greater Sydney, boost the population growth and create tens of thousands of job opportunities.

*approx.
For more information or to register for the next inspection, please contact the agent.