FOR SALE
$1,850,000 to $1,950,000

3 Garfield Road E
Riverstone NSW 2765

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 398m2
Land area: 398m2
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Rental return of approximately $120,000

Total Potential rental return of approximately $120,000 = $68,040 from existing CBA lease until May 2026, with a 3 yr renewal option + a potential additional $50,000 from the other 2 vacant spaces
Potential High Yielding Investment with significant upside opportunity & Master Plan future opportunity.
Situated on a commanding corner location of Garfield Road East & Market Town Lane, close to the Riverstone train station, a freestanding multi-level commercial building on a site area of 398 sqm with E1 Zoning. It offers a redevelopment opportunity for savvy investors. The site has tremendous potential to service the surrounding community, with great main road exposure. The building is currently partitioned into three (3) separate rentable areas, 2 retail shops & a large office area on the upper level with 3 rooms, 2 separate bathrooms and a large kitchen.
Additional highlights outlined below:
• Corner site area of 398 Sqm
• Areas: Shop 1. CBA Bank LEASED - Shop 2. Ground floor Vacant retail/office space & an Upper level Commercial office area with 3 rooms, 2 separate bathrooms and a
large kitchen.
• Extensive glass facades with maximum exposure & street appeal
• Partially leased with extensive tenant fit-outs
• Value Add return on investment
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Property Details for 3 Garfield Rd E, Riverstone

Building Type
Commercial
Floor Size
398m2
Land Size
398m2

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About Riverstone 2765

The size of Riverstone is approximately 5.5 square kilometres. It has 9 parks covering nearly 3.3% of total area. The population of Riverstone in 2011 was 6,193 people. By 2016 the population was 7,248 showing a population growth of 17.0% in the area during that time. The predominant age group in Riverstone is 30-39 years. Households in Riverstone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Riverstone work in a trades occupation. In 2011, 66.1% of the homes in Riverstone were owner-occupied compared with 64.7% in 2016.

Riverstone has 6,143 properties.

    There are currently 106 properties listed for sale, and 42 properties listed for rent in Riverstone on OnTheHouse. According to CoreLogic's data, 309 properties were sold in the past 12 months in Riverstone.

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    Shahe Terzian
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