988 Victoria Road, West Ryde NSW 2114
Prominent Mixed-Use Asset with Strong Exposure & Development Upside
Positioned along the highly trafficked Victoria Road corridor, 988 Victoria Road, West Ryde presents a compelling opportunity for investors, owner-occupiers and developers alike. Combining immediate income potential with future upside, this property benefits from excellent visibility, connectivity, and a diverse existing tenancy mix.
Strategically located within a well-established commercial and residential precinct, the property is surrounded by strong local amenity and enjoys convenient access to major transport links.
Current Tenancy Mix:
Established medical centre
Popular karaoke venue
Self-contained residential studio
This balanced mix of uses generates consistent activity throughout the day and into the evening, enhancing the overall appeal of the asset.
Property Highlights:
Prime frontage to Victoria Road with exceptional exposure to high vehicle traffic
Flexible improvements suitable for a range of commercial uses
Multiple income streams with mixed-use configuration
On-site and surrounding customer parking options
Strong passing traffic and excellent signage potential
Planning & Development Potential:
Zoned MU1 Mixed Use
Floor Space Ratio (FSR): 1.25 : 1
Height of Building: 15.5m
Permitted uses include (STCA): retail, commercial premises, medical, entertainment and residential accommodation
The zoning and planning controls provide flexibility for future redevelopment or repositioning (STCA), making this an attractive long-term hold with upside.
This is a rare opportunity to secure a high-exposure asset with both immediate income and future potential in a tightly held West Ryde location.
Outgoings (approx.):
Land tax $5,940 p.a.
Council rates: $5,105.20 p.a
Water rates: $710.88 p.a.
Tenants responsible for 90% council rates, 100% water rates
Landlord responsible for 100% land tax & 10% council rates
Exclusive Marketing Agents:
Motion Real Estate - Brian Kim
Sydney Nationwide Realty - James Kim
Leaders Estate Agents - Leon Chan
Strategically located within a well-established commercial and residential precinct, the property is surrounded by strong local amenity and enjoys convenient access to major transport links.
Current Tenancy Mix:
Established medical centre
Popular karaoke venue
Self-contained residential studio
This balanced mix of uses generates consistent activity throughout the day and into the evening, enhancing the overall appeal of the asset.
Property Highlights:
Prime frontage to Victoria Road with exceptional exposure to high vehicle traffic
Flexible improvements suitable for a range of commercial uses
Multiple income streams with mixed-use configuration
On-site and surrounding customer parking options
Strong passing traffic and excellent signage potential
Planning & Development Potential:
Zoned MU1 Mixed Use
Floor Space Ratio (FSR): 1.25 : 1
Height of Building: 15.5m
Permitted uses include (STCA): retail, commercial premises, medical, entertainment and residential accommodation
The zoning and planning controls provide flexibility for future redevelopment or repositioning (STCA), making this an attractive long-term hold with upside.
This is a rare opportunity to secure a high-exposure asset with both immediate income and future potential in a tightly held West Ryde location.
Outgoings (approx.):
Land tax $5,940 p.a.
Council rates: $5,105.20 p.a
Water rates: $710.88 p.a.
Tenants responsible for 90% council rates, 100% water rates
Landlord responsible for 100% land tax & 10% council rates
Exclusive Marketing Agents:
Motion Real Estate - Brian Kim
Sydney Nationwide Realty - James Kim
Leaders Estate Agents - Leon Chan