Listing ID: 500598144

PRIME SHOP + OFFICE INVESTMENT WITH DA APPROVAL FOR NEW 3 BED RESIDENCE MCMAHONS POINT

Address:

101 Blues Point Road MCMAHONS POINT

Description:

A once in a lifetime opportunity to acquire a charming character filled circa 1868 sandstone building in one of the Lower North Shore's finest and tightly held locations.

This unique investment opportunity comprises two separate income streams from a retail shop facing Blues Point Road currently leased to a long term tenant and a rear sandstone building facing East Crescent Street also leased which could be occupied.

The owner has done all the hard work for you and has DA approved plans to convert the rear sandstone and extend it into a 3 bedroom residence with two bathrooms and double garaging below.

Main features of this property include:

- Prized corner location on Blues Pt Road
- Rare Sandstone cottage built Circa 1868
- Some Harbour and Bridge views
- Current income approx $92,244.00 p.a.
- DA Approved residential extension
- Land size 239m2 (approx)
- Minutes walk to North Sydney & Train Station
- 5 mins to CBD by train or Ferry
- First time offered in over 25 years

INVEST HOLD OCCUPY OR DEVELOP AND REAP THE REWARDS

DO NOT MISS THIS RARE OPPORTUNITY

AUCTION - 22ND JULY 2014

For more information or to arrange an inspection please contact PRIME COMMERCIAL 9966 9000

Darren Kable 0424 179 109
John Malamas 0424 427 131

Total Area (m²):

239 m² approx

Sale Price :

SOLD BY PRIME COMMERCIAL

Occupancy:

Tenanted Investment  

Terms of Sale:

Negotiable  

Parking:

2 car spaces  

Availability:

Now

GST:

Unless otherwise stated, all prices quoted are exclusive of GST.