Iconic freehold development site
394 Marrickville Road, Marrickville
Oxford Commercial is pleased to present to the market this outstanding opportunity to secure a prime investment/development opportunity.
The property allows for a variety of usage rights, with land size of 628sqm & internal floorspace of 1250sqm.
Possible residential development (S.T.C.A)
LAND AREA
628 Square meters.
Zoned: Low density residential this property comprises a solid presented building which holds prominent & substantial position on approximately 628sqm, hosting 7 tenancies over two levels. Comprising a solid mix of tenancies that could be (STCA) converted into a neat residential development.
GROSS LETTABLE AREA
1,000 square metres approx.
INCOME
Approximately $190,000 pa gross + GST, however it is the opinion of the agents that a much greater rental return would be achievable with a minor building upgrade.
Matt Marano
L.R.E.A | Residential Sales Consultant - MattMar Pty Ltd
Phone 02 9331 2180
Mobile 0404 089 362
Email matt@oxfordagency.com.au