20 Willison Rd 4,058 SF 41% Leased Retail Building Carlton, NSW 2218 $1,332,833 ($328.45/SF) 4.70% Cap Rate

20 Willison Road presents a rare mixed-use freehold opportunity in a highly accessible Carlton location, offering a combination of strong income potential, flexible usage options, and future upside. Comprising a street-facing retail shop on the ground floor and a two-bedroom residential dwelling above, the property is ideally positioned for investors, owner-occupiers, or those seeking dual-income streams.
Built with enduring double-brick construction, this property is situated on a corner block in a tightly held area, combining high visibility for commercial tenants with private residential access. The asset offers scope for multiple strategies—continue leasing both levels, occupy part of the property while generating income from the other, or explore value-add development opportunities (subject to council approval).
Just moments from Carlton Station, key transport links, retail conveniences, and local amenities, this prime location ensures consistent demand across both commercial and residential components. Currently tenanted by a hardware shop with the owner willing to formalize a 3-year lease, the property demonstrates secure holding income and long-term investment stability.