Zoned commercial and comprises a freestanding retail shop and separate 2 bedroom cottage at rear.

Last traded in 1997, this property has proven to be a sound investment and will continue to reward those looking to invest and/or dramatically add value.

Prominently positioned at the intersection of Lyons and Great North Road, the property enjoys strong exposure as well as rear street access to the cottage.

The potential to add value to this property while still generating an income from the retail portion is extremely attractive, as development controls allow up to 2.5:1 FSR and 3 storey height limit. i.e. Existing building area is 144m2 approx and potential building area up to 500m2 approx STCA.

Lease Details
+ Total income: $34,600 per annum

Retail Portion
+ Area: 34m2 approx
+ Return: $18,400 per annum
+ Lease: New 3 + 5 year

Residential Portion
+ Area: 110m2 approx
+ Return: $16,200 per annum (Due for review)
+ Lease: Expired