Two Balmain Terraces and Warehouse Set for Auction
A residential development comprising two terraces and a warehouse at Balmain in Sydney’s inner western suburbs is being offered for sale by auction through Ray White Commercial Inner West.
77-79 Beattie Street, Balmain, is being marketed by Ray White Commercial Inner West Principal Tim Morrison.
Tim Morrison said the offering was going to auction as vacant possession and was a developer’s dream with unlimited potential.
“The lot comprises four separate titles over approximately 560 sqm to be sold in one line or 2 and 2,” he said.
“The terraces include kitchen and amenities while the warehouse is generously sized with a mezzanine level.
“With two separate buildings, two street frontages and being zoned residential with commercial use rights, it offers a myriad of potential uses for development or conversion.
“Rarely does such a unique opportunity come along, especially one with no encumbrances, so any residential or commercial owner occupiers should register their interest.”
Tim Morrison said the prime location would also appeal to potential buyers.
“Balmain is a hot spot for savvy investors looking for development opportunities as it is only approximately 6km to the Sydney CBD,” he said.
“The property is ideally located on Beattie Street, with easy access to the Balmain Peninsula as well as the northern, southern and western suburbs of Sydney.”
The property will be auctioned at 10:30am on Thursday, August 13, 2015, on the Mezzanine Level at 50 Margaret Street, Sydney.