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689 Punchbowl Rd 6,393 SF Retail Condo Unit Offered at $2,074,650 in Punchbowl Canterbury, NSW 2196
Executive Summary
689 Punchbowl Road sits within one of Punchbowl’s most active commercial corridors, offering excellent street visibility and exposure to strong daily traffic flows. This strata-titled commercial building spans two levels and occupies a high-profile position along a busy retail and dining strip, making it attractive for destination operators and businesses seeking scale. The site benefits from convenient private parking as well as access from both the street frontage and rear. Its location is further strengthened by major infrastructure upgrades, including the anticipated opening of the new Metro line in August 2025, which will increase connectivity and drive higher customer volumes throughout the precinct. A newly developed public car park directly opposite the building will also enhance accessibility, supporting foot traffic and customer convenience. With strong surrounding residential density, established retail activity, and significant transport improvements underway, the property is positioned within a precinct experiencing long-term commercial growth and revitalisation.
Property Facts
| Total Building Size | 29,030 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 7,255 SF |
| Property Subtype | Apartment | Year Built | 2008 |
| Building Class | B | Lot Size | 0.17 AC |
| Total Building Size | 29,030 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 7,255 SF |
| Year Built | 2008 |
| Lot Size | 0.17 AC |
1 Unit Available
Unit Shop 1
| Unit Size | 6,393 SF | Sale Type | Investment or Owner User |
| Price | $2,074,650 | Cap Rate | 5.00% |
| Price Per SF | $324.52 | NOI | $103,732.50 |
| Condo Use | Retail | No. Parking Spaces | 10 |
| Unit Size | 6,393 SF |
| Price | $2,074,650 |
| Price Per SF | $324.52 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.00% |
| NOI | $103,732.50 |
| No. Parking Spaces | 10 |
Description
The tenancy offers a rare large-format commercial footprint split across two levels and delivered in raw condition, enabling incoming purchasers or tenants to design and configure the space to suit their operational concepts.
With a total internal area suited for major hospitality, fitness, entertainment, or specialty retail operators, the layout supports a wide range of high-traffic business uses. The premises includes a lower-level kitchen area, storage, and a private goods lift, providing functional support for large-scale operations. Rear and street-facing alfresco areas offer scope for outdoor dining or activation, further enhancing revenue and customer engagement opportunities.
Private onsite parking for up to ten vehicles delivers a practical advantage for staff, patrons, or logistics requirements. Its scale and flexibility make the property ideal for ambitious operators seeking a flagship location in a rapidly improving commercial precinct with strong future transport links.
Sale Notes
Shop 1 comprises ground floor retail space and basement area with secured car parking, storage and potential restaurant kitchen.
The total area is 1,066 sqm, including:
- ground level enclosed space of 346 sqm plus balcony spaces (284 sqm)
- secured basement storage area (248 sqm)
- secured basement car parking for up to 10 cars
+3 More
Plan of lease area: Ground + basement
Ground floor
Ground floor
Ground floor
Ground floor
Ground floor
Basement parking
Basement parking
Presented by
Australian Property Choice
689 Punchbowl Rd
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