295-301 Bay Street, Brighton-Le-Sands NSW 2216

Sold

SOLD BY FRANK MAZOR

SOLD FOR A RECORD PRICE $5,785,000.
This tightly held landmark known as "Colwa Buildings" has been in the same family since the early 1970s. On offer is a freestanding mixed commercial building on Bay Street comprising of 3 retail shops and 4 units. There is a right of carriageway through Queens Lane to the rear of the property. There are 2 garages and 6 parking spaces at the back of the building. This is an outstanding opportunity to purchase a key property in Bay Street Brighton Le Sands. There is considerable potential for redevelopment (STCA) with a number of recently completed multi-storey blocks of units nearby.
Zoned B4 Mixed Use. Plan details: Lot 2 in Deposited Plan 709394.

Current income of $203,259 per annum.
There is potential for higher rents with an initial target of $214,179 per annum.

Property Details

• Type: Retail