MIXED USE INVESTMENT OPPORTUNITY (Mortgagee in Possession)

Ray White Commercial (SC) is proud to present to market this mixed use investment opportunity at 672-674 Pacific Highway, Killara. The property will be offered for Auction, under instructions from the mortgagee in possession, on Tuesday 12th April 2022.

This boutique, freehold, unit block features 3 retail shops at ground level and 4 x 1 bedroom units on the upper floor. Offering a strong rental income now, this property benefits from a flexible B2 zoning with the prospect of future upside through renovation and rental uplift, development or repositioning.^

The property is located in central Killara which is one of Sydney's most prestigious Upper North Shore suburbs and presents a significant opportunity for an astute investor or developer to capitalise on strong demand for new housing in one of the most popular neighbourhoods.

Additional highlights of the asset include:

- 3 ground floor retail tenancies, currently occupied
- 4 x 1 bedroom residential units upstairs in original condition
- Estimated fully leased rental income of $126,103 per annum*
- Site area of 670 sqm*
- Low outgoings
- Zoned B2 Local Centre
- Height Limit - 14.5m
- Future rental, repositioning or development upside (S.T.C.A)
- 700m* to Killara train station

The property will be sold via Auction on Tuesday, 12 April 2022 at 10:30 am (AEDT).

For further information, please contact the exclusive selling agents.

*Approx.
^STCA

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