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3 Richmond Ave 1,754 SF Retail Condo Unit Offered at $1,014,594 in Sylvania Waters, NSW 2224
Investment Highlights
- Large-format retail building with multiple ground-floor shops and first-floor office suites.
- Flexible layout suitable for retail, office, medical, or mixed-use applications (STCA).
- On-site parking available for tenants and customers.
- Positioned in a high-exposure location within the Sylvania Waters commercial precinct.
- Surrounded by established businesses, supermarkets, and dining operators.
- Opportunity for investors seeking multi-tenancy income or owner-occupiers requiring a prominent business address.
Executive Summary
3 Richmond Avenue, Sylvania Waters, NSW is a substantial commercial property located in a prominent position within a well-established retail and lifestyle precinct. The building comprises multiple ground-floor retail tenancies and first-floor office accommodation, offering a mix of flexible usage options. Positioned in a high-profile waterfront location with strong local visibility, the property benefits from convenient access to surrounding residential catchments and major arterial roads, including the Princes Highway and Taren Point Road.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 2 |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
Description
Positioned within a boutique waterside complex, this premium double shopfront offers a rare opportunity to secure a high-exposure commercial asset in the heart of Sylvania Waters. Spanning two combined lots, the property is currently configured as a thriving hair and beauty salon, featuring a stylish, high-quality fit-out with open-plan workspaces, consultation rooms, and modern amenities.
The interiors are light-filled and well-appointed, boasting timber flooring, tiled wet areas, LED lighting, and two kitchenettes for operational convenience. Additional features include internal storage, bathroom facilities, and two secure car spaces on title. With its generous frontage and flexible layout, the property is ideal for continued use as a salon or for conversion to other commercial purposes such as medical, wellness, or professional services (STCA).
The interiors are light-filled and well-appointed, boasting timber flooring, tiled wet areas, LED lighting, and two kitchenettes for operational convenience. Additional features include internal storage, bathroom facilities, and two secure car spaces on title. With its generous frontage and flexible layout, the property is ideal for continued use as a salon or for conversion to other commercial purposes such as medical, wellness, or professional services (STCA).
Sale Notes
A rare double shopfront opportunity in a tightly held bayside community, this property combines strong investment fundamentals with exceptional positioning. Currently leased to an established, long-standing tenant operating a successful salon business, the asset returns approximately $77,016.38 + GST per annum, providing immediate income security.
This is an outstanding opportunity for investors seeking a secure income stream or owner-occupiers looking to establish a presence in a high-profile Sylvania Waters location.
This is an outstanding opportunity for investors seeking a secure income stream or owner-occupiers looking to establish a presence in a high-profile Sylvania Waters location.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 9 & 10 | 1,754 SF | Retail | $1,014,594 ($578.45/SF) | - |
Unit 9 & 10
| Unit Size |
| 1,754 SF |
| Condo Use |
| Retail |
| Price |
| $1,014,594 ($578.45/SF) |
| NOI |
| - |
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Unit 9 & 10
| Unit Size | 1,754 SF |
| Condo Use | Retail |
| Price | $1,014,594 ($578.45/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
| Description | |
| Positioned within a boutique waterside complex, this premium double shopfront offers a rare opportunity to secure a high-exposure commercial asset in the heart of Sylvania Waters. Spanning two combined lots, the property is currently configured as a thriving hair and beauty salon, featuring a stylish, high-quality fit-out with open-plan workspaces, consultation rooms, and modern amenities.<br> <br> The interiors are light-filled and well-appointed, boasting timber flooring, tiled wet areas, LED lighting, and two kitchenettes for operational convenience. Additional features include internal storage, bathroom facilities, and two secure car spaces on title. With its generous frontage and flexible layout, the property is ideal for continued use as a salon or for conversion to other commercial purposes such as medical, wellness, or professional services (STCA).</li></ul> | |
| Sale Notes | |
| A rare double shopfront opportunity in a tightly held bayside community, this property combines strong investment fundamentals with exceptional positioning. Currently leased to an established, long-standing tenant operating a successful salon business, the asset returns approximately $77,016.38 + GST per annum, providing immediate income security.<br> <br> This is an outstanding opportunity for investors seeking a secure income stream or owner-occupiers looking to establish a presence in a high-profile Sylvania Waters location.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 14,671 SF | Building Class | C |
| Property Type | Retail (Condo) | Floors | 2 |
| Property Subtype | Storefront Retail/Office | Typical Floor Size | 6,997 SF |
| Total Building Size | 14,671 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 6,997 SF |
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Waterfront
- Air Conditioning
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3 Richmond Ave
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