Here's your chance to own a piece of Camden's iconic main street.
Camden Arcade is going on the market for the first time in 30 years.
The arcade, which is home to Seagulls Seafood, and the Village Coffee Shop, among others, is part of the iconic Argyle Street landscape and will be sold via public auction.
Ray White commercial metropolitan Sydney principal Jeff Moxham said the arcade provided a lot for potential buyers to get excited about.
"This site has been extremely well looked after over the last 30 years," he said.
"It's a really good size, close to 2000sqm with two street frontages.
"It's right in the centre of Camden which has been forecasted to have a lot happening in the next five-10 years, especially with the airport coming to Badgerys Creek."
Mr Moxham said the existing tenants at the site were an established part of the Camden community and were expected to stay on for many years to come.
He said there would be a lot of interest in the property.
"With bank interest rates so low, a lot of people are looking into property investments," Mr Moxham said.
"I expect there will be a lot of interest in the Camden Arcade; a lot from locals and Sydneysiders, but also plenty from elsewhere in the state."
Mr Moxham said the current owner had had a strong 30 years of ownership and was now ready to hand the reins over the someone else.
The site has an estimated fully-leased per annum net income of more than $550,000 and has capacity for 11 separate tenancies.
"With potential for future rental upside and capital growth, the new owner will benefit immediately from the existing strong return that's anchored by long-term tenancies," he said.
The public auction will be held at the Ray White office, 17/135 King Street, Sydney on Friday, March 27 and 10.30am.
Share your thoughts
We want to hear what you think - send a letter to the editor to firstname.lastname@example.org.