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424 Parramatta Road, Petersham NSW 2049

House321
Block size: 206 m² approx.House size: 260 m² approx.
Can I afford this property?

Invest, Occupy or Develop!

Mainstreet is pleased to offer this mixed-use freehold property with three (3) street frontage located at 424 Parramatta Road, Petersham.
Enjoy income generated from two separated tenancies. Whilst an owner occupier will benefit from living in a freshly renovated three (3) bedroom residence and earn a passive income from the ground floor commercial space.
The Parramatta Road Corridor Urban Transformation Strategy lends itself to encourage developers to capitalise on its corner position. Demonstrated by the multi billions of dollars invested in the West Connex and Metro Projects.
Located across from the iconic Irish pub on the corner of Parramatta Road and Norton Street. Conveniently located moments away from Sydney's CBD, and the busy shopping strip of Norton Street, Leichhardt.
The first floor consists of a large three (3) bedroom renovated residence. Featuring new kitchen, bathroom, laundry, living areas and a large private balcony/patio.
The Commercial Space offers three (3) separate entrances, two (2) toilets, three (3) Phase power, and secured parking.
Property Highlights:
• Mixed - use freehold building
• Separate electrical meters
• Renovated first floor three (3) bedroom residence with a separate entrance
• Three (3) Street frontage
• Secured parking space
• Zoning B2 Local Centre
• FSR 1: 1.5
• HOB 14 meters
• Floor area 260sqm*
• Site area 206sqm*
• Easy access to public transport, conveniently located to Sydney CBD and the bustling Leichhardt retail strip
• Great redevelopment opportunity.
• Residence currently leased to Jan 2022 ($30,680.00 p.a) with potential to increase
• Ground Floor rental potential $45,000.00 p.a + GST*
• Council Rates *$822.00 p/q
• Water Rates *192.00 p/q
(*) denotes approximately
Features
  • Air Conditioning
  • Allocated Car Space
  • Heating Wood Fire
  • Outdoor Entertaining Area

Inspections

No open inspections scheduled.

Send an enquiry

Contact Danny Harb to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:House
Lot:1
Plan Type:DP
Plan:439755
Block Size:206 *
House Size:260 *
*These are approximate values based on available information.
Mainstreet Residential & Commercial

Maps and area information

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Block information
Block size: 206 (approx)
Legal description: 1/439755
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.
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Nearby sales

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We found 50 houses with 3 bedrooms that just sold near 424 Parramatta Road Petersham

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About Petersham

Young family drops $4,445,000 on Strathfield house at auction, plans a renovation
Analysis
Median sales
Median Sale Price For Petersham
$514,500
Average Age
36 years
Population
8,116
Petersham's Property Profile
Petersham's Occupancy

Contact agents

Mainstreet Residential & Commercial

Mainstreet Residential & Commercial

View agency detailsDanny HarbMainstreet Residential & Commercial
Andrew BlenkinsoppMainstreet Residential & Commercial
Please send me information on 424 Parramatta Road, Petersham NSW 2049
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Listing ID: 180073949. This listing has been viewed 18 times. It was first displayed on 09/11/2021 and last updated on 10/12/2021.