186 Norton Street, Leichhardt, NSW 2040

Guide $1,550,000

Studio
Type
1
Bathrooms
1
Parkings
220 m²
Area

Published on Wednesday, October 21, 2026 ( See property details for 186 Norton Street, Leichhardt, NSW 2040)

Guide $1,550,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile commercial property in the heart of Leichhardt offering retail, residential, and redevelopment opportunities on a 220sqm site with excellent street frontage.

🏡 Property Highlights

  • Prime street frontage along Norton Street in Leichhardt
  • Currently operating as a successful restaurant with strong income potential
  • Generous 220sqm site with rear lane access and parking
  • Flexible commercial zoning with residential and development options
  • Located in the vibrant retail precinct of Leichhardt
  • Potential for redevelopment and further uplift of floor space

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Built-in Robes
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Fully fenced

Leichhardt is a vibrant inner-west suburb renowned for its eclectic mix of retail, dining, and cultural experiences. It offers excellent walkability, strong community vibe, and proximity to Sydney CBD. The area is highly sought after for both lifestyle and investment, with ongoing development and growth. Its diverse amenities and lively atmosphere make it an ideal location for retail and residential ventures. Leichhardt’s strong local economy and vibrant retail precinct ensure sustained demand and opportunity.

What are the current zoning and development options for this property?
The property is zoned commercial with current floor space of approximately 120sqm, with potential for further uplift. Residential occupation is permissible, and development can be pursued via consolidation, offering flexibility for various uses.
Can the property be used for purposes other than a restaurant?
Yes, the property’s flexible commercial zoning allows for a variety of retail uses, and residential occupation is also permitted, providing multiple options for the new owner.
What is the condition of the property and any potential renovation requirements?
The property is currently functioning as a restaurant with a solid structure. Specific renovation needs would depend on the intended future use, but the site offers significant redevelopment potential.
Are there any restrictions or easements affecting the property?
The property benefits from rear lane access and parking, with no specific restrictions mentioned. A detailed title search is recommended for confirmation.
What are the ongoing costs associated with owning this property?
Council rates are approximately $555 per quarter, and water rates are about $185 per quarter. Other costs may include maintenance, insurance, and potential redevelopment expenses.
Are there any hidden costs or upcoming maintenance requirements not disclosed? Has the property been assessed for compliance with current zoning and planning regulations? Are there any existing easements, covenants, or restrictions on the property? Is there any history of flooding, bushfire risk, or other environmental hazards? Are there any planned developments or construction projects nearby that could impact the property? What are the strata or body corporate arrangements if applicable? Are there any noise or nuisance issues from neighboring properties? Has a recent building and pest inspection been conducted? Are there any outstanding rates or levies payable on the property? Is the property suitable for the intended future use, including any necessary approvals or permits?

186 Norton Street, Leichhardt, NSW 2040 - More Details

Guide $1,550,000

Currently trading as a family-run business, this standout commercial retail premises with generous residential zoning options is situated on 220sqm with RLA.

With a great street frontage along Norton Street, it is currently functioning as a restaurant and would accommodate a variety of flexible retail uses for the owner-occupier/renovator and/or developer.

For the investor, the property's proximity to the heart of Leichhardt's vibrant retail precinct attracts a strong return and potential for further upside.

• Current use as a restaurant situated on a 220sqm block with rear lane access and parking
• Zoned commercial with current floor space of 120sqm approx with potential extra uplift. Residential occupation permissible, as is development via consolidation.
• Strong income potential together with location and redevelopment potential

Council rates - $555 p/q
Water rates - $185 p/q
Type
Studio
Bathrooms
1
Parkings
1
Area
220 m²

Map & nearby places — 186 Norton Street, Leichhardt, NSW 2040

Explore 186 Norton Street, Leichhardt, NSW 2040 in 3D

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  • Nearby schools, parks, shopping, transport, health & dining
  • Walking & driving routes with travel time from the front door
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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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