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SOLD

2 Corunna Road, EASTWOOD, NSW 2122

Development Potential
DETAILS
SECURE MIXED-USE, MULTI-TENANTED FREEHOLD INVESTMENT IN EASTWOOD
  • First Time Offered in 40 Years
  • Fully Leased Net Income of $304,362 p/a*
  • Large 669sqm* corner site

PRICE GUIDE: $6,300,000.

CBRE as the exclusive sales agent is pleased to present 2 Corunna Road, Eastwood. Commanding a prominent corner position, 2 Corunna Road is a two storey mixed-use commercial freehold building in the heart of Eastwood. The property offers a rare 669sqm* land with unrivalled street exposure to the busy intersection of Corunna Road and Balaclava Road. Offered for the first time in 40 years, this is an unrivalled commercial investment opportunity with a secure diverse income stream from four 2 bed & 3 bed apartments, five ground floor retail tenancies and external signage. This is reflected in the fully leased net income of $304,362 per annum. The property also offers further value-add potential through a re-positioning of the residential and retail units to further maximise the rental income. 2 Corunna Road provides ultimate convenience for customers, with ample street parking and rear access and 5 car spaces.

Located in a pre-eminent position, 2 Corunna Road is within immediate proximity to Macquarie University, Macquarie Park, Western Sydney University and Ryde Hospital. The property is highly accessible, with bus and train services providing quick transport to Ryde, Macquarie Park, Parramatta CBD and Sydney CBD. The substantial land offering and favourable planning controls of the site provide significant future development upside (STCA).

2 Corunna Road, Eastwood benefits from the following key attributes:

- Fully leased net income of $304,362* per annum

- Freehold investment with diverse income from five retail units, four 2 bed & 3 bed apartments & signage

- First time offered in 40 years

- Prominent 669sqm* corner allotment, with 737sqm* of NLA

- Unrivalled street exposure to busy 5-way intersection along Balaclava and Corunna Roads

- Rear access for deliveries + parking for up to 5 cars

- Long standing tenants. No loss of income during the COVID-19 pandemic

- B1 Neighbourhood Centre zoning

- Strong opportunities for value-add and strata-subdivision (STCA)

- Prime location surrounded by occupiers including Domino's, Pizza Hut, Five Ways Pharmacy, Hunts Avenue Family Medical Practice, Eastwood Liquor and Auto Doc Service Station

- Immediate access to bus services and within close proximity to Macquarie University, Macquarie Park, Western Sydney University, Ryde Hospital, Eastwood Town Centre and Eastwood Train Station

2 Corunna Road, Eastwood is offered For Sale with a Price Guide of $6,300,000.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
Auction:
Auction:
PRICE GUIDE - $6,300,000
Property Area
AREA:
669 m² (*approx)
Property Type
TYPE:
Commercial, Mixed Use, Other, Retail / Shopping Centre, Other, Retail / Shopping Centre
Development Potential
DEVELOPMENT APPROVAL:
Mixed Use Development Opportunity (STCA)

Due Diligence Tool

2 Corunna Road, EASTWOOD, NSW 2122

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