A unit located in DP441431 Randwick NSW. Estimated value at this time is $3,675,000. In the council area Randwick, featuring 3 bedrooms, 5 bathrooms.
RARE COMMERCIAL AND RESIDENTIAL OFFERING! This is one of the best commercial retail and residential properties on offer. Located in the heart of Randwick's 'The Spot' entertainment precinct with Ritz cinema next door, shopping and superb beaches located nearby. Encompassing a spacious shop front along with two upper level apartments, this unique property presents an exceptional investment in the heart of Randwick's busy retail strip.- Two storey freehold property comprises 3 separate lettings- Currently operating as a successful Cafe ( Cafe Randwick)- Commercial rental income $140,400 p/a (5yr + 5yr option)- Residential rental income $39,000 p/a (currently leased)- Combined rental income $179,400 p/a approx- Renovated 2 br apartment plus studio apartment- Newly fitted-out cafe 120sqm approx, 3 toilets, full kitchen.- Rear lane access with parking, an opportunity not to be missedThis low maintenance property offers a SOLID BLUE CHIP INVESTMENT with a proven rental return and capital growth!