142 Glebe Point Road Glebe, NSW 2037

Sold on 1 Dec 2016
  • Building: 340m²

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Retail in Glebe

Landmark Commercial Offering

  • Building: 340m²

In a highly visible and sought-after position on the corner of Glebe Point Road and Bridge Road Glebe.
With a site area of approximately 280sqm, this superb commercial concern presents a premier investment opportunity. The building currently consists of two separate restaurants and a 3 bedroom apartment plus 3 garages over 2 levels of approximately 340sqm (not including the 45sqm of garages).
Zoning is coveted 2B Local Centre (with a floor space ratio of 1.50 1.99). The larger restaurant is licensed and seats approximately 95 patrons over 2 rooms, while the smaller restaurant has seating for 20. Both restaurants have a strong takeaway component and an allocated garage.
The light and spacious upper level apartment is newly refurbished throughout, with an induction kitchen, double bedrooms and a single garage.
With a current estimate gross income of $180,526 (plus GST) per annum, it is moments to the light rail and a walk to USYD, UTS, RPA and Broadway shopping.