Perfectly positioned in one of Sydney's most charming suburbs, Roseville is characterised by beautiful tree-lined streets, parks and gardens. It is here you will find 108 Pacific Highway, Roseville which presents as an outstanding investment opportunity. The 228 sqm* freehold property consists of a mixed-use building with three tenancies, boasting three street frontages. The ground floor comprises of a 120 sqm* open plan retail opportunity with a 58 sqm* separate office to the rear of the building. The first floor includes a 100 sqm* three-bedroom residential apartment with an additional 51.7 sqm* terrace and the lower ground floor has rear lane access with parking for up to 4 cars on a stacked basis.
The property is situated along Roseville's retail strip on the Pacific Highway, directly across from Roseville train station and has the benefit of having front and rear access to Pacific Highway and Sixth Mile Lane respectively. Surrounded by retailers including cafes, pharmacies, restaurants and adjacent to the Iconic Roseville Cinema. It also grants direct access from the Council Car Park featuring 44 spaces*.
This fantastic property boasts a great investment opportunity with a potential development upside (STCA) with new planning reforms coming into effect as of May 2024 with the first stage of the NSW Government's Transport Oriented Development (TOD) planning reforms. The amended planning controls will apply within 400m of 37 stations to deliver more affordable, well-designed and well-located homes.
City buses arrive at the front door and it is only a few minutes to Chatswood, the location is well connected and passed by thousands* of commuters daily.
The property offers huge flexibility with an estimated gross income on a fully leased basis of approximately $144,414 per annum + GST*.
The property is offered for Sale via Expressions of Interest closing 5:00 pm Thursday 20th June 2024.
• Prime mixed-use investment
• Land Area | 228 sqm*
• Net Lettable Area | 421.6 sqm* + 4 Car Spaces
• Comprised of 1x Retail, 1x Commercial Office and 1x Residential space
• Conveniently positioned along Roseville's retail strip
• Directly across from Roseville train station
• Potential development upside (STCA)
• New planning reforms coming into effect May 2024
• Estimated Gross Income on a fully leased basis is approximately $144,414 per annum + GST*
*all figures are approximate
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite,com
