367-369 Glebe Point Road, Glebe NSW 2037

For Sale | Contact Agent's

Prime Mixed Use Investment

Sydney University and The University of Technology campus and Sydney's next harbourside icon, The New Fish Markets.

2 bus routes virtually on the doorstep, namely:

1. #431 to Broadway, UTS, Notre Dame University, Central Station and terminating at Martin Place in the CBD
2. #370 to King Street Newtown, University of NSW, Randwick & Sydney Children's Hospitals terminating at Coogee Beach.
A choice of Glebe's 2 Light Rail Stations within 10 minutes' walk

Key Features:

• First time offered in some 35 years
• A rare and sizable mixed-use commercial/residential development of 11 s/c units plus 2 commercial shops
• Strong local demographics
• Potential for further income growth
• Strong local property/investment market
• Land approx. 538sqm
• Valuable rear access with parking

A mixed- use residential and commercial building of the classic pre-WWII era featuring tuck pointed blue brick facade and terrazzo, timber and stained-glass residential entrance lobby.

Constructed on the elevated eastern side of Glebe Point Road, it forms part of what's known historically as "strip shopping" with its suburban style supermarket, chemist, cafes and liquor store …...all popular neighbourhood outlets.

The property has 2 commercial tenants along its 18 m. frontage (approx.) to Glebe Point Road:

1. The local "Lucky 7" Supermarket.
2. "The Spot", a truly popular hamburger shop & cafe that has been
satisfying the hunger of the locals, tradies and school students alike for over 20 years.

The residential component covers a tri-level layout with 6 units on the first floor, 3 units on the ground floor and 2 on the lower ground floor.
9 of the units are fully self-contained whilst 2 units have a choice of 2 communal bathrooms.

Extra Features: Security entrance foyer, on-site coin operated laundry with commercial grade washing machine and dryer plus external clotheslines, back to base Fire-Sense FS 1600 fire detection system, large rear common area courtyard.

Property Details

• Type: Retail
• Garage Spaces: 3
• Building Area: 805 m² (approx)
• Land Area: 538 m² (approx)
• Tenancy: Vacant