This solid sound property comprises of retail shop & 2nd floor residence/offices. Leased for 5 yrs. at a base rent of $64,480 pa. Net + GST. This quality property offers an exceptional opportunity for an investor to acquire a well-positioned property in Sydney's busy & ever popular Glebe Point Road retail strip having tremendous potential for redevelopment, strong future capital growth and rising rental income returns. The proposed new zoning by Sydney City Council is B2 Local Centre - Commercial & Residential Use, this will allow for a variety of retail uses including restaurant/Caf. Total floor space approx 130 sqm. Dimensions 4.5m X 26m Land area 130 sqm
The proposed new DCP height limit will be 9 m. (3 floors) and the FSR will be S1 (1:1.5) or allowable building floor space approx 200 sqm. POTENTIAL FOR A THIRD LEVEL (STCA). Don't Delay Ring Now!
NOTE; Street frontage of approx 4.5 m. and a depth of approx 26 m. having an approx land area of 130 sqm.