66 Broadarrow Road

Shop + Approved Residential Unit | Dual Income | Torrens Title Positioned in an exceptional high-exposure location directly opposite Narwee Train Station, 66 Broadarrow Road, Narwee presents a rare opportunity to secure a mixed-use freehold investment with immediate dual income and long-term upside. Set on approximately 221sqm of Torrens Title land, this solid two-storey double brick property comprises a well-established ground floor commercial premises and a separately leased residential unit upstairs. Importantly, the upstairs residence benefits from its own private entry, enhancing flexibility and separation between the two tenancies. The ground floor is currently leased to a long-standing local newsagency, a well-known business that has operated from the premises for over 30 years, with the current tenant in place for more than 6 years. The tenancy includes approximately 110sqm of retail space, plus an additional toilet and a large rear storage room of approximately 30sqm. Upstairs, the property offers a well-presented and formally approved one-bedroom residential unit of approximately 90sqm with its own private access. The residence may suit residential occupancy or office use, subject to purchaser requirements. Recently renovated approximately one year ago, the upstairs space is currently leased. A rare advantage for a property of this nature, the entire building is held under one title and is serviced by a single council rate, contributing to simple and efficient ongoing ownership. Combining a tightly held location, flexible future use and minimal holding complexity, this is a unique opportunity to secure a prominent mixed-use asset in the heart of Narwee. Property Highlights: • Approx. 221sqm Torrens Title landholding • Mixed-use freehold with shop plus residential unit • Upstairs residence has its own private entry • Directly opposite Narwee Train Station • Entire building serviced by one council rate • Annual 5% rent increase each June for commercial tenancy • Commercial tenant pays 50% of building insurance • Approx. 110sqm retail area plus rear storage of approx. 30sqm • Established newsagency business operating from the site for over 30 years • Approx. 90sqm one-bedroom residential unit upstairs • Council approval and Occupancy Certificate in place for upstairs residence • Solid double brick construction • Upstairs residence renovated approximately one year ago • No strata and minimal ongoing costs • Flexible contract timing available DISCLAIMER: While Ray White Riverwood have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Ray White Riverwood urges prospective purchasers to make their own inquiries to verify the information contained herein.