RENOVATED & RENTED: HIGH YIELDING UNIT BLOCK WITH UPSIDE
149 Parramatta Road, Haberfield
Price: $3,999,999 returning $195,000 PA

Commercial Property Group is proud to present a rare investment opportunity in the heart of Sydney’s vibrant Inner West. Positioned in tightly held Haberfield, this unique property comprises four (4) fully leased, self-contained three-bedroom apartments, delivering secure income, minimal landlord obligations, and outstanding future development potential.

Key Highlights:

💰 Strong Holding Income – $195,000 PA Gross
Leased to a single, well-established operator who fully renovates, furnishes, and rents out each apartment on a room-by-room basis. The tenant manages internal upkeep and daily operations, significantly reducing landlord responsibilities. They’ve also expressed intent to renew the lease, with potential for a rental uplift on renegotiation.

💡 Value-Add Potential:
Enhance rental returns & consider future strata subdivision, or redevelop the site into a higher-yielding use in alignment with the E3 zoning (STCA).

📍 Unbeatable Haberfield Location
Set along the high-exposure corridor of Parramatta Road, this site offers unmatched connectivity and lifestyle convenience:

🛣️ Major Arterial Access:
– City West Link (400m).
– M4 Motorway entry/exit (approx. 1km)
– Direct access to Great Western Highway and Hume Highway.

🚆 Transport Links:
– Under 1km to Ashfield Train Station
– Multiple bus routes along Parramatta Road
– Just 7km from the Sydney CBD.

🌳 Opposite Ashfield Park
Enjoying a leafy parkfront outlook, directly across from the expansive and scenic Ashfield Park—a key lifestyle and tenant attraction.

🛍️ Lifestyle & Amenities:
– Minutes to Haberfield’s iconic Ramsay Street eateries, Italian delis, and cafés
– Close to Ashfield Mall, supermarkets, Bunnings, and schools
– Walking distance to local childcare centres and community facilities

📞 Contact:
Ben Panayotopoulos
Senior Sales & Leasing Associate.
📱 0430 140 683
📧 benp@commercial.net.au