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38 Clovelly Rd 1,636 SF 100% Leased Retail Building Randwick, NSW 2031 For Sale
Investment Highlights
- Secure on-site parking for two vehicles.
- Surrounded by established businesses, including cafes and wellness studios.
- Located near UNSW, Prince of Wales Hospital, and major recreational parks.
- Excellent public transport connectivity with immediate bus access along Clovelly Road.
Executive Summary
This two-story investment property offers a rare opportunity in the highly sought-after Eastern Suburbs of Sydney. The building comprises a ground-floor retail shop currently operating as a mini-mart and a spacious two-bedroom apartment on the first floor, providing dual income streams. Positioned along Clovelly Road, the property benefits from strong pedestrian and vehicular traffic, with immediate access to public transport and proximity to major lifestyle amenities.
The asset generates a current income of approximately $87,339 per annum, supported by secure parking for two vehicles. Its location places it near Queens and Centennial Parks, the University of New South Wales, and Prince of Wales Hospital, ensuring consistent demand from both commercial and residential tenants. Surrounded by popular cafes, yoga studios, and boutique retailers, this property is well-suited for investors seeking stable returns with potential for rental uplift or future owner-occupiers looking to capitalize on a vibrant community setting.
The asset generates a current income of approximately $87,339 per annum, supported by secure parking for two vehicles. Its location places it near Queens and Centennial Parks, the University of New South Wales, and Prince of Wales Hospital, ensuring consistent demand from both commercial and residential tenants. Surrounded by popular cafes, yoga studios, and boutique retailers, this property is well-suited for investors seeking stable returns with potential for rental uplift or future owner-occupiers looking to capitalize on a vibrant community setting.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,636 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.04 AC
Frontage
16’ on Clovelly Road
Amenities
- Signage
- Air Conditioning
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Nearby Major Retailers
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38 Clovelly Rd
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