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Land/Development in Balmain
** Iconic Offering + Dev Upside ** - First Time Offered In Decades - Prime Mixed Use Investment Opportunity - Multiple Income Streams x 4
Ray White Drummoyne & Stone Commercial Inner West are excited to present as a pre exclusive opportunity this Iconic property located at 249 Darling Street, Balmain.
Balmain investments of this scale rarely come to market.
The property comprises of a ground floor shop known as " Cafe Berlin" which is one of Balmain's most iconic and established businesses. With a first floor, 2 Level (2) bedroom apartment and a free standing two level block at the rear offering a further (2) studios.
Key investment highlights include:
+ Impressive land holding of 320 sqm approx
+ $170,000 per annum* + GST passing income
+ 7.5+m* frontage to Darling Street
+ E1 Local Centre zoning
+ Underlying development potential
+ Very well located within Balmain's shopping village
+ Close proximity to NSW Government infrastructure commitment.
Vacant