Corner Shop & Residence – Investment
38 Balmoral Road, Mortdale
Price: Auction: 9th December 2021

Property Size: 230m2

Land Area: 230m2

Retail: 120m2

Availability: Sold

CPG are pleased to present to market for sale via public auction number 38 Balmoral Road Mortdale, a corner positioned freehold shop and residence with quality brick construction and dual rental income for shop and residence.

Located in the pleasant and leafy Balmoral Road next to Edelweiss Childcare centre, a hairdressing salon and some charming residential properties whilst also only moments from Hurstville golf course and Mortdale Woolworths on Roberts Avenue (600m), 38 Balmoral is an ideal neighbourhood shop-top investment.

Shop is occupied by popular local café ‘St Kai’ and the first floor is a three bedroom residential which has potential for rental upside.

Features include:
– 230m² total land area
– 120m²* ground floor shop – Leased to café
– 105m²* three bedroom unit with amenities, kitchen and lounge room
– 3 street frontages including rear lane
– Current annual rental of $53,243.06 pa
– Rear courtyard and 1 car garage
– Gas connection, grease trap and ventilation

This well presented investment opportunity will tick many boxes given the dual income, rental growth potential along with its corner location! Make your enquiry today to make 2021 a great investment decision like the current property owner whom has owned this asset for 20 years! Shop Tops such as this don’t come up often!

For further information on this opportunity please contact Ryan McMahon 0429 228 460 or Hayden Bennett 0477 665 455.

Open for inspections:
Thursdays 4:30-5:00pm or by private appointment

Auction:
On-site, Thursday 9th December 2021 at 2:45pm