Huge block with underlying development upside (STCA)

151 Lyons Road Drummoyne NSW 2047

This exciting premium mixed-use investment is set upon an oversized rectangular shaped parcel of land that recently underwent a meticulous renovation. This property provides the incoming purchaser the opportunity to purchase into Drummoyne’s vibrant restaurant culture via a strategic and stable investment that has stood the test of time.

Property highlights include:
– Fantastic location benefiting from high levels of passing pedestrian and vehicular traffic, also being only 7 kilometres from the Sydney CBD
– Commanding freehold building occupying a large 423.7m2 (approx.) elevated block in a tightly held locale
– Low risk 7 + 7 year lease to Lashings’, an inner west institution that has occupied the property for over 10 years, together with a stable residential tenant
– Refurbished building providing ground floor indoor and outdoor seating, aesthetically pleasing display counters and high quality commercial kitchen with ample storage areas and disabled amenities
– Oversized first floor three bedroom apartment with kitchen, living room and bathroom overlooking surrounding development
– Large rear backyard offering extension potential (STCA)
– Suitable for passive investors seeking a stable cash flow, land bankers or inner west enthusiasts

Sales Agents

Sold

Price Guide $3,000,000

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