724 Parramatta Road Petersham NSW 2049

Property Type: Hotel/Leisure,Retail,Showrooms/Bulky Goods

Fantastic investment opportunity with 4 individual income streams. Currently leases with $99,800 PA income. Adjacent to Petersham Park and Aquatic centre. Ideal for occupiers who wish to utilise as home/office with separate income. Current ground floor commercial tenant Cyclops Pizza. Plus 3 x self contained residential flats in excellent condition. Rear entry to flats via Park Street. Petersham railway station 300m. Short stroll to thriving Norton Street Dining precinct, cinemas and Leichhardt marketplace comprising Aldi, Woolies, Target, ANZ & CBA banks and numerous specialty stores within 500m easy walking distance. Buzzing White Cockatoo hotel around the corner. Features include: new electrical wiring and plumbing throughout with separate individual metering and individual hot water systems for each tenancy. All flats have their own air conditioning system as well as hard wired smoke detectors. The shop has gas supplied and they all have individual letterboxes.
INFORMATION MEMORANDUM
CURRENT INCOME
Cyclops Pizza shop (no GST) $24,440 expired lease
Ground floor flat # 1 $23,400 expire 15/8/25
First floor flat # 2 $26,000 expire 15/3/25
First floor flat # 3 $26,000 expire 6/4/25
Total: $99,800 PA
OUTGOINGS
Water rates $3085.20 PA
Council rates $2945.67 PA
Insurance $3768.10 PA
Total: $9798.97

SOLD AS A TENANTED INVESTMENT