216 Beamish Street, Campsie, NSW 2194

Ray White Commercial (SC) is delighted to present an unmissable freehold investment opportunity, owned by the same family for over 40 years, at 216 Beamish Street, Campsie. Positioned along one of Campsie's most vibrant and tightly held streets, this property offers both immediate rental returns and substantial future development potential. The property will be offered for sale via Auction on Tuesday, 15 October 2024.

This versatile two-storey asset currently comprises an Asian grocery store on the ground floor and a cultural/dance studio upstairs, with a long-term tenant providing secure rental income. The tenant's preference to renew their lease adds to the investment's appeal, while the approaching lease end also offers potential for owner-occupiers to take advantage.

Situated in the heart of Campsie, a vibrant multicultural community, the property benefits from a dynamic local atmosphere, offering an array of dining and shopping experiences.

Additional highlights include:
• Land Size: 323 sqm*
• Internal Area: 604 sqm*
• Current Net Rental Income: $225,782.54 + GST per annum*
• Zoned B2: Local Centre
• Height Limit: 18m
• Strong investment or future owner-occupancy potential
• Significant development upside^
• Dual access (rear access from Amy Street)
• Building refurbishment in 2016 (new electrical, plumbing, A/C, grease trap, etc)
• Owned by the same family for over 40 years
• 150m* to Campsie Train Station
• 100m* to Campsie Shopping Centre

216 Beamish Street, Campsie is offered for sale via Auction on Tuesday, 15 October 2024 at 10:30am (AEDT). The Auction will be held at AuctionWORKS, 50 Margaret Street, Sydney NSW 2000.

For further information, please contact the exclusive selling agents below.

* Approximately
^Subject to Council Approval