61 Railway Street
Merewether

Mixed Use Investment or Home + Business with Two Street Frontages

2 2 2

Perfectly located to ensure a thriving business plus enjoy an excellent lifestyle, this superb terrace style property is positioned just 700m from the beating heart of The Junction and a 5-minute drive to the sand and surf at Merewether. Occupying two street frontages with excellent exposure to passing traffic, the ground floor accessed via Railway Street is currently occupied by a hairdressing salon, while on the upper-level accessed via Glebe Road you will find a bright 2-bedroom apartment. Both properties are on current leases to separate tenants. Zoned B1- Neighbourhood Centre, this multi-faceted property could serve as both home and business for owner occupiers, while investors will be impressed by the dual income streams currently returning a combined $47,131 p.a.

- Shop front operating as a hairdressing salon complete with a kitchen, toilet facilities and shared use of a double carport – leased until 30/6/21, rent $2194.31 per month + outgoings
- Bright 2-bedroom, 1-bathroom residence with modern kitchen and bathroom, Euro laundry, enclosed verandah and shared use of a double carport – leased until 30/3/21, rent $400pw
- Two street frontages to Railway Street and Glebe Road
- Prime position for maximum commercial exposure
- B1 zoning allows for a mix of residential and commercial tenants
- Close to transport, The Junction and beaches

Sold

Undisclosed

Features

Details

  • land size approx 183 m2
  • water rates $790 py
  • council rates $6,696 py

Available Documents

Your
agents

Michael Flook Real Estate Agent

Michael Flook 

Licensed Property Consultant 

0438 770 426 

Make an enquiry