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Retail in Burwood
Iconic Corner Freehold Investment With Significant Redevelopment & Reversion Upside
- Building: 1m²
- Land: 468m²
Welcome to 168 Burwood Road, the most iconic corner in Burwood CBD currently home to Westpac.
The property offers the market an exceptional opportunity to secure a freehold building with significant development upside within one of Sydney's fastest growing locales.
Perfect for investors seeking a strong performing asset underpinned by its irreplaceable location, businesses aiming to make a statement, as well as developers seeking significant redevelopment opportunities. 168 Burwood Road is an opportunity not to be missed.
Additional Highlights of the Property:
- Substantial building area of 770sqm*
- Total land area of 477.7sqm*
- Currently leased to Westpac generating an net annual income of $437,090.80 + GST
- Landmark corner site with three (3) street frontages
- Four (4) on-site parking spaces with rear lane access
- Zoned MU1 Mixed Use (previously B4 Mixed Use)
- Significant underlying development potential with 6:1 FSR and 70m height limit
- Excellent exposure with unmatched pedestrian flow in one of Sydney's tightliest held markets
- Located on the station in the absolute heart of Burwood CBD
- Substantial future upside through rental reversion, conversion or redevelopment (STCA)
The property is now offered for sale via Public Auction to be held on-site on Wednesday 20 November 2024 at 10:30 am.
Building:
1m²
Land:
468m² / 0.12 acres
Tenancy:
Vacant
Categories:
Retail, Land/Development
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