Rare Freehold Mechanic Workshop with Future Redevelopment Potential
152 Boundary Street, Paddington NSW 2021
$5,500,000
RetailSize: n/a
Block size: 240 m² approx.
I.B Property is pleased to present a truly exceptional opportunity at 152 Boundary Street, Paddington.
Nestled in the vibrant heart of Paddington, this unique property stands as a robust freehold asset within the suburb's expanding enclave. Beyond its present value, this property holds potential for future development, making it an appealing prospect for a diverse range of investors. The first level features a 1-bedroom, 1-bathroom warehouse-style apartment, distinguished by its soaring ceiling heights and abundant natural light pouring through large façade windows.
This asset opens up numerous avenues for the discerning purchaser, whether you're an astute long-term investor, a forward-thinking developer, or someone with a vision to transform the property into a residential gem.
Key Highlights:
Annual net income of $184,800 + GST (exclusive to the mechanic workshop)
Projected net income of $221,000* per annum.
Additional 1-bedroom apartment on level 1 (Vacant)
240sqm* Land Area with an approximate 320sqm* net lettable area
Exceptional visibility and exposure, with potential for future residential warehouse conversion development (STCA)
Conveniently located just moments away from Paddington's finest dining establishments and boutique fashion outlets.
Situated opposite the renowned St Vincent's Private hospital
*approx.
Join us in anticipation as I.B Property proudly presents 152 Boundary Street, Paddington for Sale.
Nestled in the vibrant heart of Paddington, this unique property stands as a robust freehold asset within the suburb's expanding enclave. Beyond its present value, this property holds potential for future development, making it an appealing prospect for a diverse range of investors. The first level features a 1-bedroom, 1-bathroom warehouse-style apartment, distinguished by its soaring ceiling heights and abundant natural light pouring through large façade windows.
This asset opens up numerous avenues for the discerning purchaser, whether you're an astute long-term investor, a forward-thinking developer, or someone with a vision to transform the property into a residential gem.
Key Highlights:
Annual net income of $184,800 + GST (exclusive to the mechanic workshop)
Projected net income of $221,000* per annum.
Additional 1-bedroom apartment on level 1 (Vacant)
240sqm* Land Area with an approximate 320sqm* net lettable area
Exceptional visibility and exposure, with potential for future residential warehouse conversion development (STCA)
Conveniently located just moments away from Paddington's finest dining establishments and boutique fashion outlets.
Situated opposite the renowned St Vincent's Private hospital
*approx.
Join us in anticipation as I.B Property proudly presents 152 Boundary Street, Paddington for Sale.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Dimitrios Franze to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
240 m²*
Other Details
Lot:
1
Plan Type:
DP
Plan:
90960
Legal description:
1/90960
Maps and area information
Block information
Block size: 240m² (approx)
Legal description: 1/90960
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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Paddington suburb information
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SummaryMedian sales
Average Age
38 years
Population
12,701
Listing ID: 181985720. This listing has been viewed 5 times. It was first displayed on 09/10/2023 and last updated on 22/03/2024.
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.