148 Oxford Street Cambridge Park NSW 2747
Unrivalled Opportunity in Triple Development and Investment Grandeur! Unparalleled Potential!148 Oxford Street, Cambridge Park
Commercial and Residential Property
A truly rare and unique investment package has made a grand entrance to the market! Both a convenience store and a home in itself, this astounding two-in-one property is of the most ideal opportunities for keen investors.
Situated in a central location, the property as a residence highlights convenience in its access to core amenities within the area. As a business, the property stands in an open corner of a suburban street intersection allowing for plenty of exposure for those that needed a quick fix to their day.
A rare building blend in its area, one can expect distinctive trade prospect from this business given its befitting corner position. The benefit of living with a convenient store is the assurance of snack and beverage supplies to you! Combined with the storefront, this pleasant main home is lavished with:
• Three (3) generous bedrooms
• Modern bathroom
• An updated kitchen with meals area
• Spacious living area
• Additional sunroom
• Internal laundry
• Tile floors throughout
• Separate internal and external access
• Potential to separate from commercial dealings
148A Oxford St, Cambridge Park
Modern Granny Flat
With any great investment opportunity always comes more features, and the common granny flat is also part of this outstanding parcel of land. This supplementary accommodation lifts the property's business-residence concoction from a double-feature assortment to a three-in-one investment combination. This self-contained granny flat comes with:
• Two (2) bedrooms where one has a built-in wardrobe
• One (1) lounge room
• One (1) kitchen
• One (1) bathroom
Extravagant Investment Prospect and Monumental Development Potential Paired with Business Opportunity
The return income from this property is tremendously rewarding and promising. Set on a R3 Medium Density Residential Zone with a sizeable 683sqm (approx.) block, the development and investment potential naturally present a wider range of options for the astute developers and investors. From adding living areas for rental income return to expanding business space (S.T.C.A.), the possibilities and choices available to you are innumerable!
As it stands, the current convenient store has potential for first floor development (S.T.C.A.) which gives an extra layer of store perimeter to operate the business. Inversely, should you not want to undertake the commercial side of this property that option is possible.
The property currently consists of a business, main residence, and a granny flat; an ideal collection of accommodations to live in and rent out or rent out completely. Rebuilding and developing on this graciously placed block of land to your preference will definitely satisfy the new owner! The range of decisions to be made with this sizeable marvel of a property has become immeasurable!
• Total dimensions - 15.2m x 45.7m (approx.)
• Total land size - 683sqm (approx.)
• Zone - R3 Medium Density Residential
Information about the Commercial Lease
Lease term: Ten (10) years
Option: Five (5) years + Five (5) years
Lease commencement: 1st March 2017.
Annual rent: $26,520.00 + GST per annum
Rent review: CPI annually
Permitted use: Mixed Business
Bond: One (1) Month Rent + GST
Information for the Residential Lease
Rent: $420.00 per week
Termination date: Nil
Detailed Granny Flat
Rent: $385.00 per week
Termination date: 11th May 2018
The outgoings for this property are:
Water rates - $420 per quarter
Council rates - $539.10 per quarter
Exemplary Corner Position Block Anticipates Optimistic Development Future!
While this property holds substantial investment capacity, the development aspect can elevate the potential return from this property to greater heights! The remarkable corner site this property is situated upon and the R3 zoning provided gives the owner monumental advantage in future development. The development potential available to extend, rebuild or add to the land is endless and some of the features that may be constructed are:
• Dual occupancies
• Home-based childcare
• Home businesses
• Multi-dwelling housing
• Shop-top housing
The above features are all S.T.C.A. and are not limited to the included structures.
This prospective property has been graced with convenient surroundings. The abundance of nearby shopping, transport and educational sites accessible from the property via short driving distance are astounding! In their approximate distance, some of the finest local amenities include:
• Kingswood Station - 1.5km
• Coles Supermarket, Cambridge Gardens - 1.4km
• Woolworths, Jordon Springs - 3.3km
• Western Sydney University, Penrith Campus - 4.8km
• Tafe NSW Nepean, Kingswood - 4.6km
• Nepean College, Penrith Campus - 2.5km
• Penrith High ...
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