FOR RENT
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279 Cleveland Street
Redfern NSW 2016

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 85m2
Land area: 131m2
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FULLY FITTED CAFE/RESTAURANT OPPORTUNITY

* Total Building Area: 85m2 approx.
* Rear lane access
* Fully fitted commercial kitchen
* Separate male and female bathrooms near new
* Security camera fitted for extra safety
* Transferable in house liquor license (STCA)
Drake property is pleased to offer for lease this café/restaurant opportunity.
Located at the busiest st in between Redfern and Surry Hills and surrounded by many service retailers, food & beverage businesses, plus high density residential apartments.
This is a brilliant opportunity for the astute café/restaurant operator to secure an existing premise or would suit a food retailer that requires a head-start in owning an eatery and take advantage of booming food delivery.
Benefits from excellent exposure to Cleveland street and Elizabeth street in either direction, numerous bus networks operating in the area and local pedestrian.
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Property Details for 279 Cleveland St, Redfern

Building Type
Commercial
Floor Size
85m2
Land Size
131m2

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About Redfern 2016

The size of Redfern is approximately 1.2 square kilometres. It has 21 parks covering nearly 8.1% of total area. The population of Redfern in 2011 was 12,034 people. By 2016 the population was 13,218 showing a population growth of 9.8% in the area during that time. The predominant age group in Redfern is 20-29 years. Households in Redfern are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Redfern work in a professional occupation. In 2011, 38.2% of the homes in Redfern were owner-occupied compared with 33.5% in 2016.

Redfern has 7,984 properties. Over the last 5 years, Houses in Redfern have seen a 42.92% increase in median value, while Units have seen a 26.44% increase. As at 31 July 2024:

  • The median value for Houses in Redfern is $1,979,373 while the median value for Units is $1,163,979.
  • Houses have a median rent of $990 while Units have a median rent of $790.
There are currently 23 properties listed for sale, and 43 properties listed for rent in Redfern on OnTheHouse. According to CoreLogic's data, 298 properties were sold in the past 12 months in Redfern.

Suburb Insights for Redfern 2016

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David Shao
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Joy Huang
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Drake Property
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.