Auction - mortgagee in possession - must be sold
Inspection every Saturday between 1.30pm to 2pm
Auction 13th July at 2pm (Separate auction for both one after another)
An absolute Broadway show - Lakemba never sleeps and a fantastic retail opportunity to secure the busiest shopping village within inner Sydney location.
Commanding street facing exposure in ever demanding Lakemba location for a great investment return in an affordable price. Mortgagee in possession and must be sold. You will not find another opportunity like these two shops, so do not hold back. Secure it today.
Shop 1:
An established restaurant operating for a long time and ideal for your investment return paying $5,500/month.
Total size 103sm, strata 1,400/q, water 202/q and council 425/q approximately
Shop 2:
A long run real estate office operating from the beginning and paying $4,500/month for your secure investment.
Total size 91s. Strata 1400/q, water 202/q and council 425/q approximately
You will have the opportunity to buy one or both to maximize your investment potential.
Contact Navid on 0402604766 for any questions. View during open home as advertised or book a private inspection.
Disclaimer:
All information contained herein is gathered from sources we deemed or believed to be reliable. Ray White Lakemba does not warrant the accuracy of the information and interested persons should rely wholly on their own inquiries.
The size of Lakemba is approximately 2.2 square kilometres. It has 11 parks covering nearly 6.7% of total area. The population of Lakemba in 2011 was 15,507 people. By 2016 the population was 17,011 showing a population growth of 9.7% in the area during that time. The predominant age group in Lakemba is 30-39 years. Households in Lakemba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lakemba work in a labourer occupation. In 2011, 44.9% of the homes in Lakemba were owner-occupied compared with 39.1% in 2016.
Lakemba has 7,209 properties. Over the last 5 years, Houses in Lakemba have seen a 61.63% increase in median value, while Units have seen a 17.80% increase. As at 31 July 2024:
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