Share this property

realcommercial.com.au
CBRE - Western Sydney

2 Corunna Road Eastwood, NSW 2122

Directions

2 Corunna Road,
Eastwood, NSW 2122

Shops & Retail • Other

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

CBRE - Western Sydney
Ray Ahsan
Lord Darkoh
Alex Mirzaian

CBRE - Western Sydney

Level 4 10-14 Smith Street
PARRAMATTA, NSW 2150
CBRE - Western Sydney
2 Corunna Road
Eastwood, NSW 2122

Map of 2 Corunna Road

Directions

SECURE MIXED-USE, MULTI-TENANTED FREEHOLD INVESTMENT IN EASTWOOD

  • First Time Offered in 40 Years
  • Fully Leased Net Income of $304,362 p/a*
  • Large 669sqm* corner site
CBRE as the exclusive sales agent is pleased to present 2 Corunna Road, Eastwood. Commanding a prominent corner position, 2 Corunna Road is a two storey mixed-use commercial freehold building in the heart of Eastwood. The property offers a rare 669sqm* land with unrivalled street exposure to the busy intersection of Corunna Road and Balaclava Road. Offered for the first time in 40 years, this is an unrivalled commercial investment opportunity with a secure diverse income stream from four 2 bed & 3 bed apartments, five ground floor retail tenancies and external signage. This is reflected in the fully leased net income of $304,362 per annum. The property also offers further value-add potential through a re-positioning of the residential and retail units to further maximise the rental income. 2 Corunna Road provides ultimate convenience for customers, with ample street parking and rear access and 5 car spaces.
Located in a pre-eminent position, 2 Corunna Road is within immediate proximity to Macquarie University, Macquarie Park, Western Sydney University and Ryde Hospital. The property is highly accessible, with bus and train services providing quick transport to Ryde, Macquarie Park, Parramatta CBD and Sydney CBD. The substantial land offering and favourable planning controls of the site provide significant future development upside (STCA).


2 Corunna Road, Eastwood benefits from the following key attributes:

- Fully leased net income of $304,362* per annum
- Freehold investment with diverse income from five retail units, four 2 bed & 3 bed apartments & signage
- First time offered in 40 years
- Prominent 669sqm* corner allotment, with 737sqm* of NLA
- Unrivalled street exposure to busy 5-way intersection along Balaclava and Corunna Roads
- Rear access for deliveries + parking for up to 5 cars
- Long standing tenants. No loss of income during the COVID-19 pandemic
- B1 Neighbourhood Centre zoning
- Strong opportunities for value-add and strata-subdivision (STCA)
- Prime location surrounded by occupiers including Domino's, Pizza Hut, Five Ways Pharmacy, Hunts Avenue Family Medical Practice, Eastwood Liquor and Auto Doc Service Station
- Immediate access to bus services and within close proximity to Macquarie University, Macquarie Park, Western Sydney University, Ryde Hospital, Eastwood Town Centre and Eastwood Train Station

For more information or to request the sales analysis, please contact the exclusive selling agents.

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Property ID: 503922474Last Updated: 3 Jan 2022

Make an enquiry

What's your enquiry about?

Enter your details

More properties from CBRE - Western Sydney

Other properties you might be interested in based on the location and property type you are looking at.