78 Mitchell Road, Alexandria NSW 2015

Property Details: • Type: House

• Bedrooms: 1 • Bathrooms: 1

Description: One of the few remaining original warehouses in this highly successful urban regeneration precinct. This traditional brick warehouse offers an exciting opportunity for creative renovation or redevelopment (STCA) to capitalise on the 378sqm corner site with three street frontages. Zoned R1 General Residential under the City of Sydney LEP (2012), the property is ideally located for quality housing in this vibrant Inner City village with potential for commercial plus residential with high exposure frontage to Mitchell Road. Surrounded by bustling cafes, bars and eateries, it's close to shops, supermarket, parks, buses, popular pubs and the Eveleigh technology precinct and less than 15 minutes walk to rail. Currently leased to an automotive sales and repair business, this traditional warehouse is ready for renewal to reflect the evolving demographic and high residential buyer demand in this ultra central suburb with easy access to universities, tech parks, dining & entertainment districts and just 5km by road or 30 mins by train, bus or Metro to the City. - Traditional 378sqm brick warehouse with open interior - Corner site with frontage to Mitchell Road - Roller door access via Fountain Street & Belmont Lane - Approximately 200-300 litre oil tank included on site - 3 year lease, 4% annual rent increase - Zoned R1 General residential under City of Sydney LEP - 1.25:1 Floor Space Ratio, maximum building height 9m - R1 Zoning permits attached dwellings and flat buildings - Cooper Estate Conservation Area with local significance - Opportunity for creative re-use retaining original façade - Option to redevelop (STCA) for contemporary housing - Local shops, hostels or childcare permitted with consent - Convenient to Sydney Uni, easy access to UTS & UNSW - Mins walk to Redfern, Erskineville & Green Park stations - Close to Alexandria & Newtown dining & entertainment - Easy access to M8, M1 & M5, airport and Port Botany - Rates: Water $239pq, Council $1,231pq (all approx.) Contact Timothy Gorring 0438 822 281 Our recommended mortgage broker: Tommy Nguyen (http://broker.loanmarket.com.au/erskineville)