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

April 11, 2022

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 buyGood 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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