Description

Ascot House, a landmark Mixed Use terrace

A unique live/work opportunity or exceptional home plus income opportunity, this landmark Mixed Use terrace presents a prime opportunity to secure a significant freehold building in the heart of Ross Street's neighbourhood village. Built c1895 and retaining its fine period shopfront and classic Victorian good looks, the lovingly renovated two-storey residence comprises a high-exposure business/retail space and a private two-storey home with a highly adaptable layout ideally suited to a creative studio, gallery or retail space. An exciting opportunity to secure your place in a vibrant downtown location on the city fringe, the 6m wide terrace is surrounded by cafes, restaurants and boutique businesses in a prominent position between the University of Sydney main campus and Tramsheds and just 550m to Glebe Point Road. Both the shop and residence have been carefully restored and renovated retaining their authentic charm while a lush backyard with a tranquil leafy outlook offers a perfect escape while a future development upside is the icing on the cake.

- Grand Victorian terrace c1895, blue-chip city fringe location - Zoned for business/residential in a neighbourhood village - Private residence and retail store for sale on one title

- Private entries, separately metred for electricity/council - Rare original brass window frames, awning and pediment - 44sqm approx with a workshop, storeroom and washroom

- 3 bedroom residence with a wide iron lacework balcony

- Kitchen with stainless steel and Western Red cedar benchtops - Living room with Brushbox floorboards, reverse cycle air

- Original Kauri boards and ornate ceilings on the upper level - Updated bathroom with a cast iron bath, separate laundry - Huge 3rd bedroom or second living room with a fireplace - Double French doors to a sunny 6m wide lacework balcony - Sunny courtyard garden with a borrowed treescape outlook - As-new Rinnai gas hot water system, gas heating bayonet - Ideal for the owner occupier or a home + income prospect - NBN, shop with Cat6 cabling, reverse air, alarm and CCTV

- Combined floor area 143sqm approx (current FSR of 0:97:1) - Future development upside with a max FSR of 1:5:1 STCA - Potential rental return of approx. $100k gross per annum - Rapidly growing city fringe location, strong capital growth - 350m to the University of Sydney campus, 800m to Tramsheds - Rates: Water $240pq, Council $486pq (All approx.)

Contact

Matthew Carvalho 0404 006 744 Kristian Morris 0411 415 297 (Ray White Commercial)

Our recommended loan broker: Tommy Nguyen (www.loanmarket.com.au/tommy-nguyen)

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