24 Milton Street North Ashfield, NSW 2131

A rare opportunity to secure a substantial mixed-use holding in one of Sydney's tightly held Inner West precincts, offering strong existing income together with exceptional future redevelopment potential.

Occupying approximately 727sqm with valuable dual street frontage, this versatile property comprises a separately leased mechanical workshop and a spacious three-bedroom residence, delivering immediate dual-income returns with significant upside zoned E4 Commercial.

A substantial rear portion of the site is currently zoned R2 Low Density Residential and forms part of a broader precinct-wide rezoning proposal that has progressed through Council and is currently awaiting final State Government approval to be rezoned to R4 High Density Residential. This presents an exciting opportunity for future redevelopment potential (STCA).

The balance of the property is zoned E4 General Industrial, providing a wide range of industrial, warehouse, logistics, trade and business opportunities.

Ideally suited to investors, developers, owner-occupiers and businesses seeking a strategic Inner West location, this is a rare chance to secure a property with both immediate income and long-term growth potential.

**Property Highlights:**

• Approx. 727sqm landholding with valuable dual street frontage
• Mixed zoning comprising E4 General Industrial and R2 Low Density Residential
• Rear R2 section currently subject to a proposed rezoning to R4 High Density Residential (awaiting final State Government approval)
• Part of a wider precinct currently undergoing rezoning from R2 to R4
• Exceptional future redevelopment potential for high-density residential development (STCA and subject to rezoning approval)
• Established mechanical/panel workshop with secure lease in place
• Separate three-bedroom residence currently generating additional income
• Strong dual-income investment with multiple income streams
• Excellent opportunity for owner-occupiers, investors and developers
• Highly sought-after Inner West location
• Easy access to Parramatta Road, City West Link, Sydney CBD and major transport corridors

The existing improvements provide immediate holding income while offering flexibility for a variety of industrial, storage, trade and business uses, together with significant future redevelopment potential (STCA).

Whether you are an investor seeking reliable income, a developer looking to capitalise on the proposed rezoning, a business owner wanting to secure your own premises, or a buyer searching for a rare mixed-use asset in a tightly held location, this property represents an outstanding opportunity with both present-day returns and future upside.

When looking at properties it's important to have confidence in how much you can borrow. As Ray White are partnered with Loan Market, they can make this simple and easy for you. Should you wish to know your borrowing powers, simply go to loanmarketdmggroup.com.au and our Loan Market broker Dane Liddy can assist you.