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Building & Pest Inspection Report8 Heeley Street, Paddington, NSW 2021
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Sold
Iconic Village Investment Offering Multiple Income Streams
Part of the landmark Five Ways village destination, this premium holding capitalises from commercial and residential tenancies across a dual access block of approx 120sqm. The street-front premises has succeeded as a restaurant and now a hairdresser, with a quality tenant who is motivated to extend. Stylishly updated in recent years the upstairs apartment has a combined dining and kitchen area, separate lounge and balcony with views over Rushcutter's Bay and an ultra-convenient village lifestyle. Enhance your portfolio with a diverse property that has genuine appeal and growth prospects.
- Current combined income of $91,350 (approx) + GST
- Lease runs until October 2025
- Landmark address offers excellent exposure
- Shop defined by clean lines & timber floors
- Modern downlights, ducted air conditioning
- Back of house kitchenette & cool room
- Rear access to off-street parking & discreet shop entry
- Apartment enjoys air conditioning & natural cross-flow & plenty of natural light
- Combined kitchen and dining, Smeg appliances
- Harbour and district views from balcony, internal drying courtyard
Paul Langsam
Licensed Real Estate Agent
Ben Langsam
Licensed Real Estate Agent
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L15026849
- Property Type:House
- Garages:1
We Know Your Area
R&H Suburb Profile: Paddington| R&H Suburb Summary | Houses |
|---|---|
| Number of sales | 229 |
| Average Price | $3,716,310 |
| Median Price | $3,250,000 |
| Median Rental Price | $1350 p.w. |
| Change in Rental Rate (5yr) | 29 % |
| R&H Suburb Summary | Units |
|---|---|
| Number of sales | 98 |
| Average Price | $1,275,577 |
| Median Price | $955,000 |
| Median Rental Price | $700 p.w. |
| Change in Rental Rate (5yr) | 40 % |
Median Trend - $3,250,000
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