Balmain retail & residential investment/partial Owner Occupation

We are pleased to offer 493b Darling Street, Balmain for sale by Private Treaty.

This superb offering represents a sound investment opportunity located within Balmain's retail precinct, set between both Balmain & Rozelle shopping villages. The property represents a great opportunity for investors or partial owner occupiers who may be looking for a residence with an additional income stream.

Current improvements comprise a three level brick and timber building comprising ground floor retail and an upper level, two storey residential apartment with separate rear lane access, parking and water views.

The retail space is currently let to Ally Bell Floral until January 2024. This excellent tenant has been occupying the premises for almost 4 years and has developed a strong and loyal following as one of the area's most popular florists.

- Potential Net Income - $68,000 per annum
- Current retail lease expiry January 2024 with a two-year option.
- First floor is a 2 bedroom, 2 bathroom apartment.
- Zoning – Zone B2 – Local Centre

Additional details

  • Land size approx 104 sqm
  • Total Area Size 167 sqm
  • Council rates $1,097 pq
  • Water rates $104 pq

Sold

Mon 17 May

Result

$1.8m

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Selling agents

Danny Cobden

0411 144 210 

Jack Tinworth

0448 892 033 

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