263 Lyons Rd Apartment Building $1,521,410 3.22% Cap Rate Russell Lea, NSW 2046

This mixed-use holding combines prominent double-fronted, main-road exposure with a generous four-bedroom residence, creating a versatile platform for investors and owner occupiers. E1 Local Centre zoning and an FSR of 1:1 provide flexibility for a range of commercial uses and the potential to expand floor space, STCA. The commercial component benefits from strong visibility, convenient bus links to the CBD, and steady local activity. The residence has private separate access and offers a formal lounge and separate eat-in kitchen that can support live-work needs or staff accommodation. The property is currently income producing at approximately $74,565 per annum, with council rates of about $2,688 per annum and water charges of about $945 per annum as stated.
Positioned for both daily convenience and long-term relevance, the asset’s layout and location suit professional services, boutique retail, or a home office configuration, subject to approvals. The land area of 322.5 sqm offers a practical footprint for operations today and a pathway for considered value-add planning. This is a credible opportunity to secure a main-road site with income, residential amenity, and zoning versatility in one holding.