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183B Forest Rd 4,628 SF 100% Leased Retail Building Hurstville, NSW 2220 For Sale
Investment Highlights
- Prime corner position in Hurstville CBD with exceptional visibility.
- Surrounded by major retailers, banks, and medical services.
- Total NLA: Approx. 430 m² across two levels.
- Mixed-use investment comprising 4 retail shops and 3 residential flats.
- Zoned MU1 Mixed Use – flexible future development potential (STCA).
Executive Summary
A rare opportunity to acquire a landmark corner building in the heart of Hurstville CBD, offering a strong income stream with significant value-add potential. Known as “Glenvale Court”, this property occupies a prime corner position at Forest Road and Treacy Street, directly opposite two council car parks and just metres from Westfield Hurstville, the railway station, and major bus interchange.
The property comprises four ground-floor retail shops and three first-floor two-bedroom residential flats, delivering a current gross annual rental of $236,070 (with one vacant shop) and a projected gross annual rental of $266,070 when fully leased.
Key Features:
Land area: Approx. 322.5 m² | Building area: Approx. 430 m² over two levels.
Prominent 16.79 m frontage to Forest Road for maximum exposure.
Ground-floor tenants include a computer shop, pizza shop, and kebab shop (two with new leases).
Zoned MU1 Mixed Use, allowing a variety of retail and commercial uses.
Surrounded by major businesses including HSBC, CBA, Meridian Hotel, Hurstville City Medical Centre, and St Vincent De Paul.
Benefit of two adjacent council car parks providing ample customer parking.
Located within walking distance to Westfield, Hurstville Train Station, and major transport links.
Significant opportunity to renovate and increase rental returns in a high-demand location.
The property comprises four ground-floor retail shops and three first-floor two-bedroom residential flats, delivering a current gross annual rental of $236,070 (with one vacant shop) and a projected gross annual rental of $266,070 when fully leased.
Key Features:
Land area: Approx. 322.5 m² | Building area: Approx. 430 m² over two levels.
Prominent 16.79 m frontage to Forest Road for maximum exposure.
Ground-floor tenants include a computer shop, pizza shop, and kebab shop (two with new leases).
Zoned MU1 Mixed Use, allowing a variety of retail and commercial uses.
Surrounded by major businesses including HSBC, CBA, Meridian Hotel, Hurstville City Medical Centre, and St Vincent De Paul.
Benefit of two adjacent council car parks providing ample customer parking.
Located within walking distance to Westfield, Hurstville Train Station, and major transport links.
Significant opportunity to renovate and increase rental returns in a high-demand location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,628 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.10 AC
Nearby Major Retailers
Contact
-
Christopher Munk -
Ray White Hurstville
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183B Forest Rd
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