Attached Commercial Space – Is There Value Here? | WHAT DO YOU THINK, CHRIS? | Ep 118

  • 2 years ago

18/4-8 Waters Rd, Neutral Bay

https://www.realestate.com.au/sold/property-unit-nsw-neutral+bay-138306102

Sold for $870k – we didn’t buy

Good property, however very large block and also has commercial attached which isn’t great. Although not many properties which are 83m2 plus parking you can get for $870k so maybe there is value there?

PROS
• 1 bed, 1 bath, 1 car
• Private 23m2 courtyard
• Spacious living and dining with additional study area
• Bathroom not off bedroom
• 85m2 including the terrace (very large)
• Secure car space with lock up storage
• Close to shops and cafes in Neutral Bay

CONS
• Large block (around 90 in the building)
• Commercial in the block as well which isn’t ideal

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