178 Jersey Road, Paddington NSW 2021

Corner dual frontage | On-site parking rare | Zoned residential with commercial use | Tenanted showroom income This property presents a competitively strong proposition due to its rare operational flexibility and land configuration. The corner position with dual street frontage and rear lane access is a significant logistical advantage in this tightly held precinct, enhanced by the exceptional provision of on-site parking. The existing, long-term commercial tenancy within a low-density residential zone offers immediate income and a unique foothold, serving a buyer seeking a hybrid investment or a future residential conversion subject to council approval. The primary decision hinges on navigating the inherent regulatory risk and repositioning cost. The heritage overlay and need for council approval to alter the long-standing commercial use introduce both a potential constraint and a value-creation lever. The commercial listing and current layout may limit mainstream residential buyer competition. The opportunity lies in securing a character-filled property at a price that factors in these complexities, with the commercial logic to either continue the income stream or patiently pursue a conversion to a substantial family home. Acquire for its land attributes and unique permissions, not its current finishes.