Glebe 142 Glebe Point Road

An exciting offering! The highly visible and sought-after position on the corner of Glebe Point Road and Bridge Road Glebe. With a site area of approximately 280sqm, this superb commercial concern presents a premier investment opportunity. The building currently consists of two separate restaurants and a 3 bedroom apartment plus 3 garages over 2 levels of approximately 400sqm (not including the 45sqm of garages). Zoning is coveted 2B Local Centre (with a floor space ratio of 1.50 - 1.99). The larger restaurant is licensed and seats approximately 95 patrons over 2 rooms, while the smaller restaurant has seating for 20. Both restaurants have a strong takeaway component and an allocated garage. The light and spacious upper level apartment is newly refurbished throughout, with an induction kitchen, double bedrooms and a single garage. With a current collective gross income of $180,500 (plus GST) per annum, it is moments to the light rail and a walk to USYD, UTS, RPA and Broadway shopping.