11 Willoughby Road, Crows Nest

A unit situated in 3/DP660967 Crows Nest NSW. In the council area North Sydney, featuring 0 bedrooms, 0 bathrooms.

ABOUT THE PROPERTY

Bedrooms
0
Bathrooms
0
Car spaces
0
Land size
259 m2
Building size
55 m2
Council area
North Sydney
Year built
n/a
Lot plan
3/DP660967 Crows Nest NSW
House type
Commercial: Retail Building



HISTORY

Last sold 06/09/2012
$2,350,000



LISTING DESCRIPTION
as of April 2019

Iconic Willoughby Road Freehold Investment Anchored by Bakers Delight with a new 3 x 3 year lease, this renovated two-storey building comprises ground floor retail, a commercial space facing the rear lane and two first floor one bedroom residential tenancies and is 100% occupied with gross rental revenue of $171,485 per annum.Situated in arguably the best part of Willoughby Road Crows Nest, the property is located approximately 300m from the Clark & Hume Street entrance to the new Crows Nest Metro Station. Neighboured by quality and complementary businesses such as BWS, Flannery's and nearby Banks, cafe's, newsagent, chemist, and various other retail shops which are strongly supported by the Crow Nest Main Street initiative to promote the retail precinct.The wide-fronted and deep shop, is currently occupied by the national bakery Bakers Delight (www.bakersdelight.com.au) and currently configured in an open plan layout, with a private W/C, and numerous storage areas and totals approximately 130 square metres (subject to survey).The commercial space accessible from the rear lane is newly renovated split level area and is currently occupied by Magins Lighting (www.maginslighting.com.au) and total approximately 55 square metres (subject to survey).Upstairs features two freshly renovated (2013) apartments each featuring:-- Spacious Combined Lounge and Dining- Modern kitchen with modern appliances- Bedroom with mirrored built-in robe- Separate study or small second bedroom (flat 2 only)- Bathroom with shower (including laundry flat 1)- Separate Internal Laundry (flat 2)- Air-conditioning throughout