Perfectly positioned in the heart of The Spot Randwick, directly across from the landmark Ritz cinemas, is this high exposure freehold shop spanning two levels.
Enjoying high foot traffic, street frontage and surrounded by a buzzing cosmopolitan lifestyle, this property is the ideal aquisition for an astute property portfolio.
Currently leased to a long term successful tenant " Four Frogs Crepery" this property offers long term security, solid capital growth and even possible development potential (subject to council approval).
Public transport, Coogee beach, UNSW and Prince of Wales hospital are all within short walking distance.
Property features:
- Landsize : 101.6sqm
- Zoning: B1 commercial
- Build height limit :12m
- Floor space ratio:1.5:1
- Open plan dining spaces
- Fully equipped kitchen area with rear access
- Ventilation and air conditioning
- Bathroom facilities and storerooms
- Operating as a fully functional Restaurant
Inspect: By appointment
Contact: Theo Felekos 0401 945 663
Expressions of Interest : Closing 8th March 2024 12pm
For more information please provide the following:
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The size of Randwick is approximately 5.4 square kilometres. It has 25 parks covering nearly 20.6% of total area. The population of Randwick in 2011 was 27,740 people. By 2016 the population was 29,998 showing a population growth of 8.1% in the area during that time. The predominant age group in Randwick is 30-39 years. Households in Randwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Randwick work in a professional occupation. In 2011, 49.3% of the homes in Randwick were owner-occupied compared with 46.4% in 2016.
Randwick has 16,925 properties. Over the last 5 years, Houses in Randwick have seen a 52.73% increase in median value, while Units have seen a 31.04% increase. As at 31 October 2024:
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