308-310 Darling Street Balmain, NSW

The Balmain Mall is a solidly built arcade style retail and commercial property which benefits from over 15 metres of street frontage to Darling Street, currently with 11 separate tenancies including an optometrist, dentist, jeweler, hair dressing, food and office suites.

It is being offered for sale for the first time since it was built!

The building is well maintained and is fully leased to a variety of retail uses with an arcade style entry with central atrium and rear garden courtyard. It provides stair access to the first floor office suites with access to balconies. Each level provides male and female amenities. The building would benefit from minor cosmetic upgrades or alternatively a reconfiguration to provide larger retail premises to fully utilize the exceptional retail with recent leasing of over $1,250psm per annum.

Location
The subject property is positioned on the popular Darling Street strip of Balmain in close proximity to Woolworths and Council car parks in the very heart of the retail precinct. The site is surrounded by a mix of retail and residential buildings, serviced by regular bus services and is only a short drive to Sydney CBD & easy access to the ferry.

CURRENT ZONING: B2 Local Centre – Inner West Council

LAND AREA: 440sqm* (with over 15 metre frontage)

BUILDING AREA: 440sqm*

FSR: 1.5:1 Allowing a possible building of 660sqm building STCA.

NET INCOME: $280,000 per annum*

(*Approx.)

METHOD OF SALE: Expressions of Interest

To obtain an IM or for further details, please contact the below exclusive selling agent:

Tim Morrison - 0416 204 848