Nestled within the vibrant Majors Bay Road village in Concord, this outstanding mixed-use property presents a rare and promising investment opportunity. Strategically positioned to capture substantial foot traffic and drive-through trade, this three-story building features a unique combination of a ground-level restaurant/café, complemented by four private-entry apartments on the upper levels. Adding to its allure, the property boasts convenient rear lane access for deliveries.
Now is your moment to invest and thrive in a location primed for significant capital growth, offering astute investors a highly sought-after opportunity. This prime freehold building is strategically situated along the bustling Majors Bay Road, making it the ideal destination for premium food and retail ventures.
Key Property Highlights:
• Brand New concrete construction
• Comprising a total of five tenancies, offering diversified income stream.
• Approximately 205.7 sqm of land
• Ground-floor space spanning approximately 120m2, with the potential for an outdoor dining area (subject to council approval)
• Comprising one two-bedroom apartments, two one-bedroom apartments and one studio, providing a diverse income stream, each with private entry
• Equipped with bathroom facilities, including a disabled toilet
• Pre-installed kitchen exhaust duct
• Handrails in place, adhering to Council requirements
• Functional bi-fold windows at the front of the premises
• Ready grease trap in a private room with bins
• Convenient rear lane access for deliveries
• Two allocated parking spaces in a stacker style
• The location enjoys significant foot traffic, driven by nearby commercial and residential complexes
• A rare freehold property that combines a shop and residences, catering to both owner-occupiers and investors
• Conveniently located near Burwood and just 12km from Sydney CBD
• Estimated market rent of $200,000 per annum
Don’t let this extraordinary opportunity slip by – seize the chance to acquire this mixed-use property with a restaurant/café, and residences in the heart of Concord.
Agent:
Paul Pettenon 0411 180 290
Daniel Maiese 0419 256 571
Christian Bracci 0408 350 321
Parking Bays | 2 |
Tenanted | No |
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R&H Suburb Summary | Houses |
---|---|
Number of sales | 132 |
Average Price | $3,175,861 |
Median Price | $2,987,500 |
Median Rental Price | $950 p.w. |
Change in Rental Rate (5yr) | 32 % |
R&H Suburb Summary | Units |
---|---|
Number of sales | 65 |
Average Price | $1,399,460 |
Median Price | $1,202,000 |
Median Rental Price | $650 p.w. |
Change in Rental Rate (5yr) | 30 % |
86 Majors Bay Road, Concord,
New South Wales, 2137