By Negotiation

Located in the bustling Padstow shopping precinct, this versatile commercial building offers excellent exposure and a generous floor plan, perfect for a range of retail businesses. Upstairs, a two-bedroom residence with separate access presents an opportunity to increase rental income.

Property Highlights:

- Downstairs: Leased to reliable, long-term tenants.

- Upstairs: Two-bedroom residence with separate access, neat bathroom, and open-plan living.

- Rear lane access to a garage and storage area.

Currently generating a gross income of $54,025 per annum, this property offers significant rental potential. With excellent foot and vehicle traffic and development opportunities (subject to council approval), it is an ideal investment.

Key Details:

- Land Area: 223m² (approx.)

- Floor Space Ratio: 2.5:1 (as per council)

- Height Limit: 20m (as per council)

- Zoning: B2 Local Centre

- Frontage: 6.1m (approx.)

- Location: 200m from Padstow Train Station

A rare opportunity to secure a prime position in Padstow, available for the first time in over 40 years.

Property Code: 3343