161 First Avenue

Positioned within one of the Inner West's most tightly held and rapidly transforming precincts, this substantial freehold opportunity presents immediate holding income with clear long-term redevelopment potential (STCA), underpinned by the arrival of the Five Dock Metro and ongoing precinct densification. Occupying a prominent 411sqm parcel, the property is currently configured as a fully operational medical centre, providing an immediate income stream and a highly functional layout for continued commercial use, professional suites, or future conversion to residential accommodation (STCA). This is a strategic holding in a suburb where freehold land is increasingly scarce, and repositioning opportunities of this nature are tightly controlled by planning and availability. Just 400m from the future Five Dock Metro Station, the asset is exceptionally well placed to benefit from significant infrastructure-driven capital uplift, while maintaining strong interim utility. Key Investment Highlights: • 411sqm (approx.) freehold landholding in tightly held Inner West precinct • Existing medical centre configuration providing immediate income potential • Flexible use: medical, professional offices, or residential conversion (STCA) • Strong holding income while planning future repositioning • 400m (approx.) to future Five Dock Metro Station • Positioned within evolving mixed-use growth corridor • Close to village retail, cafés, parks, and waterfront reserves • High-demand location with limited freehold availability Opportunities of this calibre in Five Dock are rarely offered to market and are typically secured for long-term strategic holding. Private inspections and detailed information memorandum available on request.