New Price $2,425,000

A Mixed-Use investment with premier location appeal, this three-storey building combines a prominent shop with a split-level residence on top. The shop is currently tenanted by a popular Thai massage business, whose premises are in impeccable condition with the offer of lane access for parking and staff. Refreshed in recent years, the four-bedroom home is also in great condition, providing a live-and-work opportunity, or a separate income stream via additional rental revenue. Set between St John’s Rd and Norton St, it’s exposed to endless traffic both day and night.

Currently tenanted by wellness business Sunshine Thai Massage & Spa
Prominent shopfront, reception, 3-4 massage rooms and staff kitchenette
Shop has timeless appeal for wellness, hospitality or professional services
Rear lane access with automated roller shutter for secure tandem parking
Upstairs provides four bedrooms across two levels, one features city views
Generous built-in wardrobes, immaculate bathrooms, top-floor retreat
Stone-topped kitchen, separate living and dining areas, alfresco terrace
Easy access to Glebe Village via walking, bus, light rail and rail network
Great variety of cafes, lunch spots, parks and shops for staff and customers

+ Shop current rental return: $41,800 p/a (approx.)
+ Unit potential rental return: $1,400 p/w (approx.)
+ Council: $794 p/q (approx.)
+ Water: $130 p/q (approx.)
+ Internal Shop: 83 sqm (approx.)
+ Internal Unit: 107 sqm (approx.)
+ Land size: 147 sqm (approx.)