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Mixed Use Tenanted Investment - Prime Location

268 Darling Street Balmain

Auction 22nd March 2022 at 10:30am

X MARKS THE SPOT
268 Darling St represents an excellent and rare opportunity to acquire a commercial freehold investment in the tightly held Darling St strip. Positioned in the heart of Balmain's retail precinct, neighbouring national retails such as Woolworths, Westpac Bank, OPSM and surrounded by an abundance of amenity.

Current improvements comprise a double level building including a ground floor retail, first floor 1 bedroom apartment with balcony and studio, rear lane access and parking. The retail space is currently occupied by Roaring Stories (formerly Brays Books) and is Balmain's only independent bookstore and one of Sydney's longest trading bookstores.

THE KEY X-FACTORS OF 268 DARLING STREET INCLUDE:
Net passing Income $180,000* per annum Long standing retail tenant in 'Roaring Stories' previously 'Brays Books' Retail has been occupied as an independent bookstore for 53 years Rear lane access and parking Council Car Park at rear 258sqm of existing building 190sqm site with upside (S.T.C.A) 1 Commercial & 2 Residential tenancies 2km from Sydney CBD
For more information, please contact the exclusive selling agents:
Lachlan Palm - 0431 723 010
Daniel O'Brien - 0404 860 747

Auction

22nd March 2022 10:30am

Price Guide

Contact Agent

Property Type

Retail

Land area approx

190sqm

Floor area approx

258sqm

Inspection Details

Please contact Lachlan Palm to arrange an appointment.

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