Located in a prime corner position in Drummoyne’s premier dining and cafe strip, this unique offering represents an excellent opportunity to secure a multiple income stream investment.
To highlight the calibre of the immediate locale, Woolworths has a proposed local distribution centre earmarked directly opposite, and other neighbours include Chargrill Charlie’s, Drummoyne Bakehouse, and Ocean Foods, all of which are local institutions.
* Zoned E1 Local Centre with 8.5m height limit & 1:1 FSR
* 676sqm total land across a commanding corner position
* DA approved rear mixed-use development (2 x 1-beds + commercial + 3 parking)
* DA approved upgrades to existing semis
* Approx. $173,000 pa. net
* Secure lease to Frango Portuguese Chicken (through to Nov 2027 with demo clause)
* Two leased 3-bedroom semis providing additional holding income
* Prime location, just 5km to Sydney CBD
