652 Bourke St 1,238 SF 100% Leased Retail Building Redfern, NSW 2016 For Sale

his mixed-use terrace presents an excellent entry-level investment opportunity in one of Sydney’s most sought-after inner-city locations. Positioned on a lively Bourke Street pocket near the Surry Hills border, the property combines secure tenancy income with genuine value-add potential. Currently incorporating a tenanted convenience store, a one-bedroom apartment upstairs, and a self-contained studio at the rear, the asset delivers immediate cash flow with a combined estimated income of up to $97,474 per annum.
Rear lane access from Stanley Street, communal outdoor areas, and versatile layout options enhance its long-term usability. Future owners can explore value-adding improvements (STCA) to build on the site’s established character and strong demand in this mixed-use corridor. A bus stop at the door and proximity to Cleveland Street, Crown Street dining, and the Eve Hotel precinct keep this address connected to Sydney’s most vibrant dining and lifestyle hubs. With light rail just 650 meters away and Moore Park stadiums, high schools, and major transport links all nearby, this property combines convenience, adaptability, and proven income streams.