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77-105 Victoria Rd - Tempo Residences 1,044 SF Retail Condo Unit Offered at $1,106,240 in Drummoyne, NSW 2047
Investment Highlights
- Fully leased investment generating net income of $95,000* per annum.
- 5-year lease with options extending to 2039 for long-term security.
- Double frontage to Victoria Road for maximum exposure.
- Tenant pays 100% of outgoings, reducing ownership costs.
- Annual rental increases of 4% or CPI (whichever is higher).
- Located within Tempo Residences, just 6 km from Sydney CBD.
Executive Summary
Tempo Residences is a modern mixed-use development located in Drummoyne, a suburb on Sydney’s Inner West waterfront. The property comprises residential apartments with integrated retail and dining options at ground level, creating a vibrant lifestyle precinct. Positioned along Victoria Road, the development offers strong visibility and convenient access to Sydney CBD, which is approximately 6 km away. The location benefits from proximity to major transport links, including frequent bus services along Victoria Road, and is supported by nearby amenities such as Birkenhead Point Outlet Centre, local schools, and waterfront parks. The surrounding area features a mix of residential density and commercial activity, contributing to consistent demand for both residential and retail spaces within the development.
Property Facts
| Total Building Size | 193,750 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 32,292 SF |
| Property Subtype | Apartment | Year Built | 2018 |
| Building Class | B | Lot Size | 1.31 AC |
| Total Building Size | 193,750 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 32,292 SF |
| Year Built | 2018 |
| Lot Size | 1.31 AC |
Amenities
Site Amenities
- 24 Hour Access
- Community-Wide WiFi
1 Unit Available
Unit 6 & 7
| Unit Size | 1,044 SF | Sale Type | Investment |
| Price | $1,106,240 | Cap Rate | 5.94% |
| Price Per SF | $1,059.62 | NOI | $65,683.00 |
| Condo Use | Retail | No. Parking Spaces | 3 |
| Unit Size | 1,044 SF |
| Price | $1,106,240 |
| Price Per SF | $1,059.62 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| NOI | $65,683.00 |
| No. Parking Spaces | 3 |
Description
This property comprises two adjoining retail shops located within the prestigious Tempo Residences development in Drummoyne. Offering a combined 97 sqm of internal space, the property features a substantial showroom fit-out and enjoys a commanding double frontage to Victoria Road, ensuring maximum visibility and exposure. The tenancy includes three secure car spaces and additional storage, enhancing its functionality and appeal.
Positioned in a high-profile location just 6 km from Sydney CBD, the property is surrounded by major retailers such as Harris Farm and Commonwealth Bank, contributing to strong foot traffic and a vibrant commercial environment.
Sale Notes
X Commercial presents a premium investment opportunity with Shops 6 & 7, 85 Victoria Road, Drummoyne. This fully leased retail asset delivers a net income of approximately $95,000 per annum, with 100% of outgoings payable by the tenant. The property is secured by a 5-year lease with options extending to 2039, providing long-term income stability. Annual rental increases of 4% or CPI (whichever is higher) further enhance the investment’s growth potential.
Located within the sought-after Tempo Residences development, the property benefits from high exposure to Victoria Road and proximity to key amenities. With a strong tenant covenant, premium location, and secure income stream, this asset represents an exceptional addition to any investment portfolio.
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77-105 Victoria Rd - Tempo Residences
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