Ray White Commercial is pleased to present the opportunity to purchase 52-54 Freeman St, Lalor Park, NSW via Public Auction.
This essential service property has been a supermarket for over 36 years and leased to the same tenant IGA for 17 years. It is an excellent opportunity to secure a freehold investment with significant development upside^ in one of the largest councils in NSW - Blacktown City Council.
*Total site area 758m2*
*Combined building area 745m2*
*Net income $141,172.35* + GST
*Two separate titles allows flexibility to lease separately in future
*Offered for the first time in over 30 years
*Future development potential for various options including shop top housing & retail/commercial development (STCA)
*Council car park in front of the property
*Two (2) street access including rear lane access with loading dock
*Surrounded by other essential businesses including Post office, Pharmacy, Cafe and Liquor store.
The property will be offered for sale via Public Auction on Wednesday, 16 June 2021 at 11:00am
Venue: Holiday Inn Parramatta, 18-40 Anderson Street, Parramatta
For more information, please contact the exclusive agents.
*Approx.
The size of Lalor Park is approximately 2.7 square kilometres. There are 19 parks, covering nearly 13.3% of the total area. The population of Lalor Park in 2016 was 7667 people. By 2021 the population was 7834 showing a population growth of 2.2% in the area during that time. The predominant age group in Lalor Park is 30-39 years. Households in Lalor Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor Park work in a professional occupation.In 2021, 54.20% of the homes in Lalor Park were owner-occupied compared with 55.00% in 2016.
Lalor Park has 3,225 properties. Over the last 5 years, Houses in Lalor Park have seen a 48.38% increase in median value, while Units have seen a 28.83% increase. As at 30 April 2026:
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