117 Johnston St 2,045 SF Retail Building Annandale, NSW 2038 $1,846,806 ($903.02/SF)

117 Johnston Street is a landmark property with a rich trading history of over 80 years, currently operating as The Friendly Grocer (MFC Supermarket). This tightly held Inner West freehold is offered to the market for the first time since 2008, presenting a rare chance to acquire a property that combines immediate income security with long-term upside potential.
The asset is fully leased to long-standing tenants on a secure 10-year agreement, delivering stable returns from day one. Positioned on a 189.7 sqm landholding with Business zoning and commercial use rights, the property also offers future development or repositioning potential (STCA), an increasingly scarce feature in this highly sought-after precinct.
Strategically located along Annandale’s vibrant retail strip, the property benefits from exceptional exposure, constant pedestrian activity, and a bus stop directly at its doorstep. The surrounding area is a thriving mix of boutique retailers, cafes, and essential services, supported by strong local demographics and proximity to Sydney CBD. With its combination of historical significance, secure tenancy, and redevelopment potential, this property represents a compelling investment in one of Sydney’s most desirable Inner West locations.