A mixed-use property in Mascot with a retail space and warehouse on the ground floor is on the market for an expected price of more than $6 million.
The two-level freehold building features a showroom and an office fit out as well as existing residential department on the first floor.
512 sqm is being offered with a short-term lease back, allowing for rental income, but vacant possession in the near future.
Trent Gallagher, National Director at Colliers says the market is the strongest he has ever seen within the commercial and industrial sector.
“Freehold buildings such as this are very highly sought after, and we expect competitive bidding from a wide range of different buyers,” he says.
Record low interest rates and a lack of warehouse space for sale continue to drive up buyer demand, according to Colliers.