127 Avoca Street, Randwick

Entry level investment or owner occupier opportunity would suit home/office or home & income opportunist. Situated in the thriving commercial precinct of Randwick is this classic Shop top housing opportunity with ground floor commercial retail use and upstairs 3 bedroom residence. Currently occupied by a Moroccan restaurant with an expired lease on a monthly holding over period. This property would suit an astute investor with possible dual income streams or owner occupier looking for a highly visible location to live and work. Rear lane car access. The property requires a renovation/update but it is anticipated to be well within the price scope of first property buyers! Significant long term development potential. Ground floor retail of 100m2 approx + first floor of 80m2 . Separate male/female amenities. Grease trap & exhaust. Upstairs residence consisting of 3 bedrooms, kitchen bathroom, living area. Key Property Features: Zoning: B2 Local centre (flexible zoning allowing most uses) Floor Space Ratio 2:1 Land size: 153m2 (subject to survey) Gross Floor Area: 306M2 Height limit: 12 Metres (4 storey) Income + Outgoings Tenancy schedule Retail lease EXPIRED currently monthly holding over Current annual combined rental shop & residence $76,706.76 Council rates: $4027.11 PA Water rates: 933.92 PA

Property Information

Property Type Medical/Consulting
Building Size 195 m²

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