10 Canley Vale Rd 1,625 SF 100% Leased Retail Building Canley Vale, NSW 2166 $2,388,210 ($1,469.35/SF) 3.04% Cap Rate

10 Canley Vale Road is a mixed-use retail and residential property located in the core of Canley Vale’s established retail and dining precinct. The property comprises a ground-floor commercial shop currently occupied by Canley Vale Pharmacy, an on-site ATM facility, and a two-bedroom residential unit on the upper level, which may also be utilised as office space. The upper level benefits from private dual access, allowing clear separation from the retail component, with private bathroom facilities provided on each floor.
The site is zoned E1 Local Centre and benefits from a 23-metre height limit and inclusion within a Complex Area (CA), offering future redevelopment potential subject to council approval. The property is also located within the Strategic Entertainment Precinct (SEP), which permits extended trading hours.
The property is positioned only steps from Canley Vale Train Station and is surrounded by established retail, dining, and service-based businesses, providing strong connectivity and local amenity.
Current income is generated from the pharmacy and ATM, both secured under leases expiring in 2027, producing an estimated combined income of approximately $83,695 per annum (GST inclusive). The upstairs two-bedroom unit provides an additional estimated rental potential of $23,400 per annum, resulting in a total potential gross annual income of approximately $107,095.
Annual outgoings are estimated at approximately $6,860, comprising council rates of $1,240 per quarter and insurance of approximately $1,900 per annum. After accounting for these outgoings, the property generates an estimated Net Operating Income (NOI) of approximately $100,235 per annum.