Versatile Commercial & Residential Opportunity on One Title

An exceptional opportunity to secure a versatile commercial and residential property, comprising commercial premises and a charming three-bedroom, one-bathroom residence on one allotment of approximately 1,161m², held on one title with no easements.

Zoned Employment, the property offers an appealing combination of business, residential and investment potential. The commercial premises enjoy prominent exposure and convenient access from Victoria Parade (highway), while the residence is privately positioned with its own frontage to Tottenham Road.

COMMERCIAL PREMISES – 52 VICTORIA PARADE:

The commercial component offers a highly versatile space with the flexibility to accommodate a multitude of business uses.

The premises comprise a large open workshop/garage and office space, two roller doors and toilet facilities, providing a practical layout for a range of commercial, trade or service-based operations.

A fully bricked frontage and driveway provide generous off-street parking, while the prominent highway position offers excellent exposure and accessibility for customers, clients and passing traffic.

Whether utilised by an owner-occupier or retained as an investment, the commercial premises provide a functional and adaptable business environment with plenty of scope to suit a variety of enterprises.

RESIDENCE – 23 TOTTENHAM ROAD:

Privately positioned behind its own Tottenham Road frontage, the cottage-style residence provides comfortable accommodation and a welcoming sense of character.

The home opens into a formal living room featuring a decorative ceiling, fireplace and a character-filled timber front door with stained-glass windows. A large doorway with sliding door provides the option to separate the living room from the adjoining open-plan kitchen and dining area, creating flexibility for both everyday living and entertaining.

A passageway off the living room leads through to the three bedrooms and main bathroom. At the rear of the home, a dedicated laundry adjoins a second toilet and sleep-out, offering flexibility for use as a potential fourth bedroom, home office or additional living space.

Polished timber floors feature throughout the home, complemented by timber finishes to the kitchen cabinetry and bathroom vanity, creating a warm, cohesive and durable interior. The bathroom is enhanced by a corner glass shower and subway-style wall tiles, while a neutral colour palette provides a timeless finish throughout.

Year-round comfort is supported by carpet in two bedrooms, a split-system air conditioner in one bedroom, ceiling fans in all bedrooms and a box air conditioner in the living room.

Outside, the neatly planned front yard features brick-paved pathways framed by established garden beds, creating a manicured and inviting frontage that beautifully complements the cottage.

The fully paved backyard and carport provide additional practicality while minimising ongoing maintenance, making the property particularly appealing to those seeking a low-maintenance lifestyle.

LIVE, WORK OR INVEST:

It is the combination of the two components that makes this property particularly appealing.
For the business owner, it presents the opportunity to live in a beautiful character home while operating a business just steps away, offering the convenience of combining home and work in one location.

For investors, there is flexibility to lease the commercial premises and rent out the residence, occupy one component while leasing the other, or retain both as income-producing assets.

Alternatively, the property’s Employment zoning may appeal to purchasers seeking to explore the potential for broader commercial use, subject to the relevant planning and statutory requirements.

With separate frontages, functional spaces and multiple possible configurations, this is a property that can adapt to suit a variety of lifestyle, business and investment strategies.

CURRENT RENTAL & OUTGOINGS:

The commercial premises is currently leased on a fixed-term lease at $2,473.89 per month, including GST.

The residence has a current rental appraisal of $360–$380 per week.

Council Rates – 2026/2027 Financial Year:
52 Victoria Parade: $3,476.93
23 Tottenham Road: $1,798.04

Emergency Services Levy (ESL) – 2026/2027 Financial Year: $333.55

Council rates and ESL are subject to change each financial year.

The current commercial lease provides for the landlord to be reimbursed 100% of the council rates attributable to 52 Victoria Parade and 50% of other outgoings, in accordance with the terms of the lease.

IMPORTANT SALE INFORMATION:

Please note: While the property includes a residential component, due to the property’s zoning and commercial component, the transaction will be treated as a commercial sale and a commercial contract will apply. This should be carefully considered when making finance arrangements, and purchasers are strongly encouraged to obtain independent legal and financial advice prior to entering into a contract.

GST, if applicable, will only be added to the commercial component of the purchase price. Purchasers should also obtain independent taxation advice regarding the potential tax implications associated with the purchase and ownership of the property.