187 Lyons Road
Drummoyne
A landmark Mixed Use site with DA approval to add significant value
Land 676m2 (approx)
Total Size 366m2
Price Guide
Asking Price $4.9m
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
Private TreatyAsking Price $4.9m
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A landmark Mixed Use site with DA approval to add significant value
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