246 The Boulevarde 2,519 SF 100% Leased Retail Building Punchbowl Canterbury, NSW 2196 $1,447,372 ($574.64/SF)

Presented for the first time in 50 years, this tightly held mixed-use property represents an extraordinary opportunity for investors and strategic buyers seeking built-in income with substantial future development potential. Perfectly located within a Transport Oriented Development (TOD) zone, the property is earmarked for significant growth driven by rezoning benefits, offering increased height control of 23 metres and a 3:1 Floor Space Ratio (STCA).
The ground floor comprises a large commercial tenancy historically operated as a dining venue, supported by a functional layout including two full commercial kitchens, spacious service and cashier areas, multiple storage rooms, plus staff amenities with shower and toilet. Above, a three-bedroom residential apartment provides comfortable living accommodation complete with a well-appointed bathroom and secure lock-up garage—ideal for owner-occupiers, staff housing, or generating supplementary income.
Anchored by a secure, long-term tenant generating $4,877.18 per month and $80,000 per annum, the property has delivered near-zero vacancy for 37 consecutive years, underpinning its investment credentials. Surrounded by retail shops, schools, essential services, and strong transport connections, this site offers unbeatable positioning in the heart of Punchbowl’s evolving growth corridor.