112 George Street

Positioned on a 139sqm level parcel in one of Redfern's most dynamic and high-growth pockets, this substantial mixed-use terrace delivers an exciting commercial and residential opportunity with unlimited scope. Zoned B2 Local Centre, the property is suited to a wide range of commercial, creative, residential or investment purposes (STCA), making it an incredibly versatile prospect for owner-operators, investors and developers alike. Freestanding on one side and enriched with charming period details, the building currently comprises a well-exposed ground-floor commercial space benefitting from excellent foot traffic, ensuring strong visibility for any business venture. The generous open-plan layout features high ceilings and polished timber floorboards, creating a character-filled environment adaptable to many uses. Upstairs, a spacious two-bedroom apartment provides comfortable living with separate lounge and dining areas, a tidy gas kitchen and access to two private balconies. At the rear of the property, a fully self-contained studio offers an additional income stream or potential workspace, further enhancing the property's flexibility and appeal. Boasting side access to a sun-filled courtyard, updated bathrooms, internal laundry facilities and classic original features throughout, this property presents a rare chance to secure a foothold in one of Sydney's most sought-after urban precincts. Located moments from vibrant shops, cafés, bars and eateries, and only a short stroll to Redfern Station, the lifestyle and convenience on offer are unmatched. Key Features - Ideal foundation for a new hospitality, retail, office or creative venture (STCA) - Upper-level apartment with access to two private balconies - Charming period features including high ceilings and timber floorboards - Updated bathrooms plus internal laundry facilities - Side access leading to a sun-drenched rear courtyard - Separate self-contained studio offering added versatility Strong investment with a current income of Shop 1/112 George St - $873pw - Lease expiry - 31/03/2023 Flat 2/112 George St - $940pw - Lease expiry - 31/12/2025 Studio unit $550pw - expired lease Approx. $124,000 Annually Council Rate $770 per 1/4 approx. Water Rate $639 per 1/4 approx. Please note that the commercial premises operates on Saturdays, during which time we will be able to view the space from the front, but internal access will not be possible. However, as the premises is closed on Mondays, we could schedule a full internal walk-through on that day if required.