Sold
5 Gleeson Avenue,
Sydenham 2044, New South Wales
Price withheld
Property details
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Agents
Inner West Investment Opportunity
Ray White Commercial (SC) is pleased to present to market an investment opportunity currently tenanted by a convenience store. The property, located at 5 Gleeson Avenue, Sydenham, will be offered for sale.
This asset features a flexible floor plate, E1 Local Centre zoning with a wide range of permissible uses, and is underpinned by its key locational value opposite the upgraded Sydenham transport hub.
Situated in a key renewal corridor, Sydenham is undergoing a major transformation, catalysed by the Sydney Metro upgrade and the Sydenham to Bankstown Urban Renewal Strategy. The area is shifting to new mixed-use, commercial, and creative precincts, driving demand for retail and hospitality amenities.
Additional highlights of the asset include:
• Prime Commercial Holding: Torrens titled commercial property with a shop front, back office, and a garden with patio.
• Current Income: Leased to convenience store, with a current gross passing income of $54,889.43*.
• Strong Lease Terms: A 2-year lease term commencing 14/06/2025, with an option to renew and a 5% annual increase.
• Future Growth Potential: Benefits from the area's planned growth and uplift, ensuring the property is well-positioned for both investors and developers.
• Favourable Zoning: E1: Local Centre zoning allows for flexible non-residential land uses including creative industries, commercial offices, food and beverage, and artisan retail.
• Key Property Metrics: Site area of 101 sqm* and a Gross Floor Area of 70 sqm*.
• Strategic Location: Located on Gleeson Avenue, positioning it as a prime holding in the heart of Sydenham.
• Excellent Connectivity: Approximately a 1-minute walk to Sydenham Station/Metro and only a 9-minute subway journey to Sydney CBD.
• Transport: less than 100m to Sydenham Metro and Train Station
5 Gleeson Avenue, Sydenham is offered for sale.
For further information, please contact the exclusive selling agents below.
* Approximately
This asset features a flexible floor plate, E1 Local Centre zoning with a wide range of permissible uses, and is underpinned by its key locational value opposite the upgraded Sydenham transport hub.
Situated in a key renewal corridor, Sydenham is undergoing a major transformation, catalysed by the Sydney Metro upgrade and the Sydenham to Bankstown Urban Renewal Strategy. The area is shifting to new mixed-use, commercial, and creative precincts, driving demand for retail and hospitality amenities.
Additional highlights of the asset include:
• Prime Commercial Holding: Torrens titled commercial property with a shop front, back office, and a garden with patio.
• Current Income: Leased to convenience store, with a current gross passing income of $54,889.43*.
• Strong Lease Terms: A 2-year lease term commencing 14/06/2025, with an option to renew and a 5% annual increase.
• Future Growth Potential: Benefits from the area's planned growth and uplift, ensuring the property is well-positioned for both investors and developers.
• Favourable Zoning: E1: Local Centre zoning allows for flexible non-residential land uses including creative industries, commercial offices, food and beverage, and artisan retail.
• Key Property Metrics: Site area of 101 sqm* and a Gross Floor Area of 70 sqm*.
• Strategic Location: Located on Gleeson Avenue, positioning it as a prime holding in the heart of Sydenham.
• Excellent Connectivity: Approximately a 1-minute walk to Sydenham Station/Metro and only a 9-minute subway journey to Sydney CBD.
• Transport: less than 100m to Sydenham Metro and Train Station
5 Gleeson Avenue, Sydenham is offered for sale.
For further information, please contact the exclusive selling agents below.
* Approximately
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