A Lucrative Investment Opportunity
Partner Alexander Phillips and David Tyrrell have just listed a Mixed Use terrace in the heart of Clovelly’s vibrant shopping village at 218 Clovelly Road, Randwick. With a high-visibility location and dual access, the two-storey terrace is ideal to land bank and retain as a sound investment with a 4% yield significantly better than purely residential investment. There’s also scope to capitalise on DA approved plans for an additional one-bedroom apartment.
Alexander says, “Freehold commercial/residential properties make an excellent long term investment and this renovated terrace features an established business plus a separate self-contained two bedroom apartment, both with strong income streams. Clovelly Road is morphing into a fashionable village precinct with a swathe of new business attracting both locals and visitors so it’s a great time to secure your place in the heart of the action.”