$2,200,000

Seize the chance to acquire a highly sought-after freehold property, ideally positioned in the heart of the bustling retail and commercial village of Glebe. With outstanding development potential, complimented by Soaring City Views from the North-eastern aspect of the building. This property is perfect for shrewd investors and/or developers looking to capitalise on a prime commercial opportunity.

Key Features & Highlights:

• Prime Location: Situated among Glebe's popular eateries and retail/commercial precinct


• Prominent Freehold Property with separate commercial and residential tenancies


• Rear Lane Access with 6 open car parking spaces + 1 secure car spaces


• Three-Level Structure: North-eastern side of the building with 3 levels


• Soaring City Views from the North-eastern facing aspect of the building


• Development Potential: Apartment development complex (STCA)


• Land Area: 283.7m²*


• Street Frontage: 6.7m*


• FSR (Floor Space Ratio): 1.5:1


• Maximum Height: 9m


• Current Floor Area: 220m²*


• Zoning: E1 Local Centre


• Ground Floor: Commercial and retail space


• First Floor: Large 2-bedroom residential unit.


• Holding Income: $100,000 per annum*


• Additional Development Bonus (Subject to government approval):


• Close proximity to key amenities:


• Sydney CBD, Broadway Shopping Centre, Newtown, and Glebe town centres


• Educational establishments, hospitals, shops, cafes, restaurants, and bars


• Arterial roadways and excellent public transport options

Located in the heart of Glebe, a vibrant and sought-after area, this property offers exceptional potential for both immediate returns and future growth. With a dynamic blend of commercial and residential spaces, it sits amidst a thriving community, providing the perfect setting for both retail and residential development.

For more information or to arrange an inspection, contact the listing agents.

*approximate.