96 Audley Street,
Petersham, NSW 2049

Ray White Commercial Sydney City Fringe is pleased to offer for sale by way of auction 96 Audley St, Petersham.

96 Audley St, Petersham is an Inner City freehold investment tightly held by three separate tenancies. Situated amongst a prominent collection of retail shops, positioned 6km* West of the Sydney (CBD) and within 300m to Petersham train station and multiple other public transport options.

The property consists of a large top level residential 1 bedroom unit plus an additional lower ground 1 bedroom unit and a ground floor commercial space with a high volume of passing vehicular & foot traffic.

Key Highlights Include:

• B2 Local Centre zoning with shop top housing and boarding house permitted (STCA)**
• 158sqm* of land and 149sqm* of existing building over 3 levels
• Current gross building area of 149sqm well under FSR: 2.2:1 and potential GBA of 347sqm (STCA)**
• Valuable special condition in commercial lease allowing the lessor to make further alterations & additions to the rear of the property (STCA)**
• Income producing from three tenants
• Depreciation allowances available
• Ground floor leased to The Counter Cafe with strong trading history
• Rear lane access with parking via Abels Lane
• Net passing income: $70,245.74 per annum *

This opportunity is offered for sale via public auction, Saturday 6th November, 2021 commencing 2pm.

To discuss the property in further detail, please contact the listed agents below:

Kristian Morris
Principal & Licensee In Charge
Ray White Commercial NSW - Sydney City Fringe
0411 415 2...
02 9660 1717
kristian.morris@raywhite.com

*approx.
** Subject to council approval.