104 Victoria Road,
Drummoyne, NSW 2047
Development Sites & Land
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Map of 104 Victoria Road
INVEST, ADD VALUE, REDEVELOP
Prime retail investment opportunity with excellent potential to add value or redevelop.
The subject property occupies approx 280m2 of land and is situated in the heart of Drummoyne's retail element.
Existing building area is approx 120m2 with a floor space ratio of 2: 1 which allows up to 560m2 of building area on this parcel of land. Redevelopment or adding value/renovating this property would yield an excellent return given the high demand for boutique retail and commercial space along Victoria Road.
Currently the property enjoys a passive income of approx $28,000 per annum approx via two retail tenancies on expired leases which allows for redevelopment access in the immediate future. Alternatively, opportunity exists to review rents and land bank for the future as Drummoyne has been enjoying continuing steady growth.
Land area: 280m2
Building area: 120m2
Zoning: B4 Mixed Use
FSR: 2:1
Height Limit: 3 storey
Parking: Ample on site
Tenancy details:
1) Shop 1
- Annual income: $21,360.48pa gross approx
- Expired lease
2) Shop 2
- Annual income: $6,545pa gross approx
- Expired lease
The subject property occupies approx 280m2 of land and is situated in the heart of Drummoyne's retail element.
Existing building area is approx 120m2 with a floor space ratio of 2: 1 which allows up to 560m2 of building area on this parcel of land. Redevelopment or adding value/renovating this property would yield an excellent return given the high demand for boutique retail and commercial space along Victoria Road.
Currently the property enjoys a passive income of approx $28,000 per annum approx via two retail tenancies on expired leases which allows for redevelopment access in the immediate future. Alternatively, opportunity exists to review rents and land bank for the future as Drummoyne has been enjoying continuing steady growth.
Land area: 280m2
Building area: 120m2
Zoning: B4 Mixed Use
FSR: 2:1
Height Limit: 3 storey
Parking: Ample on site
Tenancy details:
1) Shop 1
- Annual income: $21,360.48pa gross approx
- Expired lease
2) Shop 2
- Annual income: $6,545pa gross approx
- Expired lease
Property ID: 5505750Last Updated: 5 Dec 2013
02 9713 59...
104 Victoria Road
Drummoyne, NSW 2047
Roger Mickhail Property - Drummoyne205 Lyons Road
DRUMMOYNE, NSW 2047
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