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Investment Highlights

  • E1 Local Centre zoning allows for shop-top housing and boarding house development (STCA).
  • Side access and onsite parking included for convenience.
  • Positioned 6 km west of Sydney CBD with strong transport connectivity.

Executive Summary

65 Waratah Street presents a rare opportunity to acquire a multi-tenanted freehold property in the heart of Sydney’s Inner West. Located just 6 km west of the CBD, this mixed-use asset combines strong income potential with future development upside under E1 Local Centre zoning. The property currently comprises three income-generating tenancies: a ground-floor retail shop leased to a long-standing operator, a two-bedroom residential unit at the rear, and an oversized three-bedroom apartment on the upper level.
Positioned within a tightly held retail strip, the property benefits from high pedestrian and vehicular traffic, excellent local amenity, and multiple public transport options. The site offers a land area of approximately 315 m² and a building area of 225 m², with an FSR of 1:1 and potential to increase the gross building area to 315 m² (STCA). Side access and onsite parking further enhance its appeal. With current passing income below market and all leases on short terms, this property provides immediate cash flow and significant value-add potential through rental reversion or redevelopment.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,422 SF
Building Class
C
Price
$1,344,735
Price Per SF
$555.24
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.71
Lot Size
0.08 AC
Frontage
18’ on Waratah Street
  • Listing ID: 39995272

  • Date on Market: 4/1/2026

  • Last Updated:

  • Address: 65 Waratah St, Haberfield, NSW 2045

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