A unit in 7/DP25992 Lane Cove NSW. The local council is Lane Cove, with 0 bedrooms and 0 bathrooms.
Income and Development Potential Two storey retail building with upstair commercial tenancy. DA approval for three x 1-bedroom apartments of 1 floor each.• Two-storey freehold retail building with dual street access (the rear to Little Lane) located in the Lane Cove Shopping Village opposite the Lane Cove Plaza.• Development Approval for three one bedroomapartments and parking at rear of property.• Ground floor is tenanted by Elysium Hair Design on a lease expiring 21st October 2009 with a three year option and provision for annual rental increase of4%.• The first floor office suite features a separate entrance on Longueville Road, impressive high ceilings, natural light, toilet and kitchenette facilities. It was previously tenanted by Wizard HomeLoans and would suite a variety of commercial and pseudo-retail activities owing to its Longueville Roadpresentation.• Initial net annual rental for the building is approximately $62,585. Fully let approximately $92,500.• Fantastic potential for capital appreciation after development of the rear apartments and strata-titling of the shop, office suite and apaAdditional Details: Property areas are as follows (all areas are approx.):Retail shop - 82.85sqmCommercial tenancy - 86.30sqmBasement storage - 30sqmTotal Area: 199 m2Site Area: 211 m2Auction Location: Mezzanine Level, 123 Pitt Street, Sydney