187 Lyons  Road Drummoyne

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187 Lyons Road
Drummoyne

A landmark Mixed Use site with DA approval to add significant value

    Land 676m2 (approx)

    Total Size 366m2

    Price Guide

    187 Lyons Road
    Drummoyne

    A landmark Mixed Use site with DA approval to add significant value

    Located in a prime corner position in Drummoyne's premier dining and cafe strip, this unique offering represents an excellent opportunity to secure a multiple income stream investment.

    The current Net Income of $173,000 pa (approx), predominantly generated from the highly successful "Frango" Portuguese Chicken restaurant, has immediate potential to be significantly increased by completing a DA-approved mixed-use building on the vacant hardstand/land component of the site.

    The property is positioned on a total site area of 676 square metres and enjoys a frontage to Lyons Rd of almost 15 metres and side boundaries of 46 metres (approx.

    To highlight the calibre of the immediate locale, Woolworths has a proposed local distribution centre earmarked directly opposite, and other neighbours include Chargrill Charlie's, Drummoyne Bakehouse, and Ocean Foods, all of which are local institutions.

  • - Zone E1 Local Centre, 3 established tenancies + vacant block
  • - Retail with 5 yr lease (expires 2027 with a demolition clause)
  • - High-visibility site in an established dining hub, 14.8m frontage
  • - High-growth location opposite the upcoming Woolworths site
  • - 2 x 3 bed Federation semis with DA approval to add value
  • - Fine period craftsmanship, ornate ceilings, private courtyards
  • - Approval for a 2 storey Mixed Use development via Barney St
  • - 40sqm commercial with parking plus 2 x 51sqm apartments
  • - Current combined gross annual rental return $217,713
  • - Significant development upside with DA and CC already in place
  • - Approval to renovate the 2 semis plus triple off-street parking
  • - Strong rental yields and superb capital growth potential
  • - Neighbourhood hub opposite Chargrill Charlie's and Bakehouse
  • - Capitalise on the DA approved plans and unlock the potential
    • Retail

    Land 676m2 (approx)

    Total Size 366m2

    Price Guide

    Expressions of Interest

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    187 Lyons Road
    Drummoyne

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