Apartment / flat for sale in Norwood

Prime mixed-use Investment Opportunity for Sale. This exceptional mixed-use property offers a fantastic investment opportunity in a prime, high demand location. The building consists of 16 residential apartments above and 6 ground-floor retail shops, creating multiple income streams from both residential and commercial tenants. The residential section features 16 well-designed units, consisting of 6 studio apartments and 10 one-bedroom flats. These units are ideal for young professionals, couples and tenants seeking convenient and affordable urban living. On the ground floor are 6 retail shops with excellent street visibility and access, making them attractive to a variety of businesses and ensuring strong demand. An added advantage to this investment is the included vacant stand measuring approximately 495 sqm, offering excellent development potential. The land can be untilized for future expansion, additional residential units, parking facilities or further commercial development, significantly increasing the long-term value of the property. This is a unique opportunity to acquire a well-located mixed use investment property with additional development potential, offering stable income today and strong growth opportunities for the future. Ideal for investors and developers looking to expand their portfolio with a high-yield property.