VALUE PACKED INVESTMENT | 5 TENANCIES, SHOP & 4 UNITS
699 Princes Highway, Tempe NSW 2044
$1,660,000
RetailSize: n/a
Block size: 209 m² approx.
Here is your opportunity to secure a value-packed property, within the highly popular and evolving Inner West suburb of Tempe.
Buyers will benefit from immediate rental income, with the opportunity for rental uplift, and options to occupy part or the whole property in the future. 699 Princes Highway offers a perfect combination, of ground floor commercial and 4 residential tenancies.
Key features include:
> The ideal, surprisingly affordable income-producing investment
> Current passing income of $72,800* per annum gross
> Fully leased potential income $90,000* per annum gross
> Land Area of 209m2*
> Ground floor shop, with internal kitchenette and signage exposure to Princes Highway, vacant and ready to either occupy or re-lease
> All 4 residential units are self-contained, leased and immediately income-producing
> Two x 1 Bedroom Units & Two x 2 Bedroom Units
> One secure lock up garage adjoining Unit 4
> Across the road from Bunnings Tempe (currently under construction), and in close proximity to IKEA and Tempe train station
> Close to a range of popular amenities such as shops, transport options, arterial roadways, café, restaurants, and bars.
*All amounts are approximate
Buyers will benefit from immediate rental income, with the opportunity for rental uplift, and options to occupy part or the whole property in the future. 699 Princes Highway offers a perfect combination, of ground floor commercial and 4 residential tenancies.
Key features include:
> The ideal, surprisingly affordable income-producing investment
> Current passing income of $72,800* per annum gross
> Fully leased potential income $90,000* per annum gross
> Land Area of 209m2*
> Ground floor shop, with internal kitchenette and signage exposure to Princes Highway, vacant and ready to either occupy or re-lease
> All 4 residential units are self-contained, leased and immediately income-producing
> Two x 1 Bedroom Units & Two x 2 Bedroom Units
> One secure lock up garage adjoining Unit 4
> Across the road from Bunnings Tempe (currently under construction), and in close proximity to IKEA and Tempe train station
> Close to a range of popular amenities such as shops, transport options, arterial roadways, café, restaurants, and bars.
*All amounts are approximate
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nicole Sell to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
1
Property type:
Retail
Block Size:
209 m²*
Other Details
Lot:
1
Plan Type:
DP
Plan:
316909
Legal description:
1/316909
Maps and area information
Block information
Block size: 209m² (approx)
Legal description: 1/316909
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
40 years
Population
3,550
Listing ID: 182305814. This listing has been viewed 0 times. It was first displayed on 16/02/2024 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.