Representing an opportunity that rarely presents itself to the astute buyer, this mixed use
property sits on 409sqm of level land over a large double block. Currently on one title, there
is an opportunity to further develop or subdivide subject to council approval, and reach its full potential.
With a strong return of approximately 5%, there is the opportunity for rental increases which would improve the return on your investment.
Perfectly positioned, you’re only 10 mins to Sydney’s CBD & Beaches, 5 mins to Sydney Airport
& Mascot Railway Station and within walking distance to the world class ‘The Lakes Golf Club’.
Note: There is a new awning to the front of the building being installed which is not in the photos.

RESIDENCE 1: Un-renovated, two levels, 2 double bedrooms, 1 bathroom, laundry, timber floors,
large separate lounge, eat in gas kitchen, courtyard.
Currently leased at $500 per week. (without parking)

RESIDENCE 2: Renovated, two levels, 2 bedrooms, 1 bathroom, separate lounge, separate dining,
modern gas kitchen, courtyard, double lock up garage plus workshop.
Potential rental of $700 per week. Currently occupied to a family member.

COMMERCIAL: Leased until 22 April 2016 (with a 2 year option) to a well established catering company.
The shop is approximately 70sqm and has an office area, 1 bathroom and Gas Cooking.
Leased at $27,170 per annum Including GST. (Annual CPI increases apply)

Land Size: 409 sqm (approx.)
Zoning: R2 low density Residential
FSR: 1:1
Height: 9 metres
Rental: Potential income of approx’ $88,000 per annum
Council: $749.00 per quarter
Water: $845.43 per quarter
Land Tax: $3,588.00 per annum