83 Glebe Point Road Glebe NSW 2037

Seize the chance to acquire a highly sought-after freehold property, ideally positioned in the heart of the bustling retail and commercial village of Glebe. With outstanding development potential, complimented by Soaring City Views from the North-eastern aspect of the building. This property is perfect for shrewd investors and/or developers looking to capitalise on a prime commercial opportunity.

Key Features & Highlights:

· Prime Location: Situated among Glebe's popular eateries and
retail/commercial precinct

· Prominent Freehold Property with separate commercial and residential
tenancies

· Rear Lane Access with 6 open car parking spaces + 1 secure car spaces

· Three-Level Structure: North-eastern side of the building with 3 levels

· Soaring City Views from the North-eastern facing aspect of the building

· Development Potential: Apartment development complex (STCA)

· Land Area: 283.7m²*

· Street Frontage: 6.7m*

· FSR (Floor Space Ratio): 1.5:1

· Maximum Height: 9m

· Current Floor Area: 200m²*

· Zoning: E1 Local Centre

· Ground Floor: Commercial and retail space

· First Floor: Large 2-bedroom residential unit.

· Holding Income: $100,000 per annum*

· Additional Development Bonus (Subject to government approval):

· Close proximity to key amenities:

- Sydney CBD, Broadway Shopping Centre, Newtown, and Glebe town centres

- Educational establishments, hospitals, shops, cafes, restaurants, and bars

- Arterial roadways and excellent public transport options

Located in the heart of Glebe, a vibrant and sought-after area, this property offers exceptional potential for both immediate returns and future growth. With a dynamic blend of commercial and residential spaces, it sits amidst a thriving community, providing the perfect setting for both retail and residential development.

For more information or to arrange an inspection, contact the listing agents.

*approximate.