• 617.3sqm two-level character building with the added bonus of 14 onsite carparks
• Positioned on a 749sqm freehold corner site with good profile and foot traffic
• Attractive split-risk income from five retail tenancies and three residential above
• Highly strategic Kingsland Village location, right by the train station and Eden Park
• Favourable Local Centre zoning with significant future growth potential
First time offered in decades, this is a once-in-a-generation chance to secure a prime piece of Kingsland real estate. A two-level character building with a huge profile on a 749sqm (more or less) freehold corner site with the rare benefit of onsite car parking.
Consisting of five shops at street level and three 3-bedroom flats above, totalling 617.3sqm (approximately), this property has an attractive split-risk annual income of $251,703.30. Arguably, under-rented, astute investors will recognise the upside on offer.
This is a location of strategic significance, next to the Kingsland Station, with the CRL set to further accelerate growth. The government has signalled up-zoning around CRL stations, with 15-storey heights proposed for Kingsland. Further, Council has backed the Eden Park upgrade, a massive $100m+ investment for the area that is set to boost the number of headline events.
The owners are also selling 460–466 New North Road, on the opposite corner of Edendale Road - together these properties form Kingsland’s gateway to Eden Park and offer a larger opportunity to shape Kingsland's future.
