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Retail

168 Burwood Road Burwood, NSW 2134

Sold on 19 Nov 2024
  • Building: 1m²
  • Land: 468m²
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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

168 Burwood Road, Burwood, NSW 2134