3 Garfield Road ERiverstone NSW 2765
Property Details for 3 Garfield Rd E, Riverstone
Last Listing description (July 2024)
Total Potential rental return of approximately $120,000 = $68,040 from existing CBA lease until May 2026, with a 3 yr renewal option + a potential additional $50,000 from the other 2 vacant spaces
Potential High Yielding Investment with significant upside opportunity & Master Plan future opportunity.
Situated on a commanding corner location of Garfield Road East & Market Town Lane, close to the Riverstone train station, a freestanding multi-level commercial building on a site area of 398 sqm with E1 Zoning. It offers a redevelopment opportunity for savvy investors. The site has tremendous potential to service the surrounding community, with great main road exposure. The building is currently partitioned into three (3) separate rentable areas, 2 retail shops & a large office area on the upper level with 3 rooms, 2 separate bathrooms and a large kitchen.
Additional highlights outlined below:
Corner site area of 398 Sqm
Areas: Shop 1. CBA Bank LEASED - Shop 2. Ground floor Vacant retail/office space & an Upper level Commercial office area with 3 rooms, 2 separate bathrooms and a
large kitchen.
Extensive glass facades with maximum exposure & street appeal
Partially leased with extensive tenant fit-outs
Value Add return on investment
Multiple income stream potential
Located in Riverstone's thriving retail strip
High pedestrian thoroughfare
150m to Riverstone Railway Station & Riverstone Village
Development potential
Take advantage of the master planning future potential
Please enquire with agent for lease details and further info.
Property History for 3 Garfield Rd E, Riverstone, NSW 2765
- 15 Mar 2024Listed for Sale $1,850,000 to $1,950,000
- 19 Aug 2016Listed for Sale Not Disclosed
- 01 Oct 2015Listed for Sale Email or Submit Offers TODAY 26th October
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About Riverstone 2765
The size of Riverstone is approximately 5.5 square kilometres. It has 9 parks covering nearly 3.3% of total area. The population of Riverstone in 2016 was 7247 people. By 2021 the population was 8627 showing a population growth of 19.0% in the area during that time. The predominant age group in Riverstone is 30-39 years. Households in Riverstone are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Riverstone work in a professional occupation.In 2021, 62.40% of the homes in Riverstone were owner-occupied compared with 64.70% in 2016.
Riverstone has 6,844 properties. Over the last 5 years, Houses in Riverstone have seen a 65.47% increase in median value, while Units have seen a 38.28% increase. As at 31 January 2026:
- The median value for Houses in Riverstone is $1,227,927 while the median value for Units is $934,546.
- Houses have a median rent of $700 while Units have a median rent of $720.
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