491 Marrickville Rd 3,068 SF Vacant Retail Building Dulwich Hill, NSW 2203 $1,616,693 ($527.00/SF) 13.04% Cap Rate

Presenting a rare opportunity to secure a DA-approved development site in the heart of Dulwich Hill, one of the Inner West’s most tightly held and rapidly evolving lifestyle precincts. This property combines immediate income potential with long-term development upside, making it an outstanding proposition for investors and developers alike.
The existing improvements include a mixed-use asset featuring a ground-floor retail shop and a spacious three-bedroom residence above, offering scope for renovation or interim income while planning your next move
Development approval is already in place for a contemporary mixed-use project comprising:
• 5 New Age Boarding Studios totaling 188.95 sqm
• 1 Ground Floor Retail Tenancy of 97 sqm
• Total GFA: 285.95 sqm
Upon completion, the project offers a projected gross annual rental income of approximately $300,000, supported by a desirable mix of residential and commercial tenancies. This flexible build-to-rent model is designed to deliver strong cash flow and long-term capital growth.
Positioned in a thriving village setting, the property benefits from excellent transport connectivity, strong local demand for quality rental stock, and ongoing population growth. Opportunities of this caliber, with DA approval in place, are increasingly rare in this high-demand corridor.