Lilyfield Mixed-Use Building With Development Upside
20-22 Fred Street, Lilyfield NSW 2040
Auction 16/05/24
Commercial LandSize: n/a
Block size: 603 m² approx.
IB Property is delighted to present the offering of 20-22 Fred Street, Lilyfield a remarkable mixed-use property brimming with potential. Nestled just a short walk from the vibrant Darling Street, this exceptional building occupies a generous 603sqm* parcel with a 19m wide street frontage. This rare gem boasts a diverse array of maintained residential apartments and commercial office suites, complemented by a separate industrial facility nestled in the basement.
The ground level comprises three spacious and individual 1-bedroom apartments, all currently leased and yielding excellent rental returns. The first floor, encompassing 480sqm*, comprises of an elegantly designed open gallery office and reception area.
At the pinnacle of luxury living lies a breathtaking three-bedroom apartment. This unparalleled residence features a grand foyer entry, a gourmet island kitchen, a versatile piano room, multiple balconies offering captivating vistas, a generously sized outdoor swim/spa pool, and an expansive entertaining terracethe epitome of alfresco indulgence.
*approx.
Key Features:
- 2 storey commercial freehold building
- Land area 603sqm*
- Secure Tandem Parking for 4 cars
- Net income of $211,923* per annum.
- Fully leased investment opportunity
- Development upside/reposition
20-22 Fred Street will be for sale via Public Auction on Thursday, 16th of May 2024 at 10:30am.
For more information or to book an inspection, contact the exclusive agents Steffan Ippolito 0403 347 111, James Campbell 0472 985 664 and Izabella Manning 0411 822 772.
The ground level comprises three spacious and individual 1-bedroom apartments, all currently leased and yielding excellent rental returns. The first floor, encompassing 480sqm*, comprises of an elegantly designed open gallery office and reception area.
At the pinnacle of luxury living lies a breathtaking three-bedroom apartment. This unparalleled residence features a grand foyer entry, a gourmet island kitchen, a versatile piano room, multiple balconies offering captivating vistas, a generously sized outdoor swim/spa pool, and an expansive entertaining terracethe epitome of alfresco indulgence.
*approx.
Key Features:
- 2 storey commercial freehold building
- Land area 603sqm*
- Secure Tandem Parking for 4 cars
- Net income of $211,923* per annum.
- Fully leased investment opportunity
- Development upside/reposition
20-22 Fred Street will be for sale via Public Auction on Thursday, 16th of May 2024 at 10:30am.
For more information or to book an inspection, contact the exclusive agents Steffan Ippolito 0403 347 111, James Campbell 0472 985 664 and Izabella Manning 0411 822 772.
Inspections
Can't inspect in person?
Contact Steffan Ippolito to enquire about this property including alternatives to in-person inspections.
Auction
Thursday 16 May, 10:30am
Cooley Auction CBD Dexus Place
Key details
Garage Spaces:
4
Property type:
Commercial Land
Block Size:
603 m²*
Other Details
Lot:
7
Section:
2
Plan Type:
DP
Plan:
962
Legal description:
7/2/962
Next Inspection:
Maps and area information
Block information
Block size: 603m² (approx)
Legal description: 7/2/962
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
22 May 2018
Sold
$5,000,000
Contract: 10/04/2018
Transfer: 22/05/2018
Block size: 603m²
Transfer type: Full transfer
Purpose: Mixed use
Lilyfield suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
43 years
Population
7,641
Listing ID: 182452800. This listing has been viewed 0 times. It was first displayed on 16/04/2024 and last updated on 18/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.