617-621 Forest Rd 4,381 SF 71% Leased Retail Building Bexley, NSW 2207 $1,889,244 ($431.24/SF)

Realty Way presents a rare opportunity to secure a landmark mixed-use property in a high-exposure position along Forest Road, Bexley. Located moments from Hurstville CBD, this dual-lot holding offers investors and owner-occupiers remarkable flexibility within the sought-after E1 Local Centre zoning.
The asset comprises three street-facing retail shops across two adjoining lots, complemented by a substantial residential dwelling at the rear featuring five bedrooms, four bathrooms, and multiple off-street parking options. With a combined land area of 611 m² and an impressive 23.66 m frontage, the property boasts development potential (STCA) supported by favorable planning controls, including a 13-meter height limit and 1:1 FSR.
This corner-positioned site benefits from secondary street access, strong pedestrian activity, and consistent main road exposure, making it ideal for future retail, commercial, or mixed-use development. E1 zoning permits a wide variety of uses, including shop-top housing, childcare, medical centers, and hospitality establishments, ensuring long-term adaptability for developers and investors.
Currently, the residential component is tenanted while shops are vacant, providing immediate holding income and scope to unlock further value. Inspections are strictly by appointment.