House for sale
190-192 Old Canterbury Road,
Summer Hill, NSW
8 3 10
E.O.I. - Closing Date 5pm Thurs 24 May 2018
Corner Block Development Opportunity / Currently Smash Repair Workshop with Exceptional Side IncomeLocated on the fringe of prestigious Summer Hill Shopping Centre, this iconic landmark is ideal for the owner occupier, investor or developer with exceptional capital growth prospects.
Currently set up as a large Mechanical and Smash Repair Workshop with prominent front Workshop Office and eight room Boarding House above and behind the office. Boarding House has its own separate entry from the side street.
Potential to convert to Ground Floor Shops with Upper Residential Levels (STCA)
Two lots on one title - 666sqm approx.
B1 Neighbourhood Centre Zoning
Potential Development site
Close to train station and light rail, schools, shops and vibrant cafe' strip
Details of Potential Rental Income:
1. 8 self-contained rooms at $250-$300 per week - $114,400 p.a.
2. Ground floor office $500 per week - $26,000 p.a.
3. Mechanical Smash Repair Shop $2,500 per week - $130,000 p.a.
Total Approx. - $270,400 p.a.
Last updated: 04:19PM on Apr 19th 2018