FOR SALE
Auction 29/10/24 at 2.30pm (Unless Sold Prior)

4/87-89 Lakemba Street
Belmore NSW 2192

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 242m2
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Auction Time
Tue 29 Oct 2:30 pm
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No upcoming inspections scheduled.
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242m² | HIGH CLEARANCE WAREHOUSING IN DESIRABLE LOCATION

Raine & Horne Commercial Bankstown is pleased to offer 4/87-89 Lakemba Street, Belmore for sale via public auction.
This exceptional strata unit presents a prime opportunity for astute investors or owner-occupiers to acquire an industrial asset in the tightly held Belmore industrial precinct.
The property features a warehouse with high internal clearance and container-height roller door access, along with first floor office accommodation.
Key highlights include:
• Warehouse: 213m²* with clear span and high clearance
• Office: 29m²* located on the first floor, carpeted, and filled with natural light
• 270m² including parking
• 2 parking spaces on title
• Zoning: IN2 Light Industrial
• Amenities: kitchenette and separate male/female toilets
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Property Details for 4/87-89 Lakemba St, Belmore

Building Type
Commercial
Floor Size
242m2

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About Belmore 2192

The size of Belmore is approximately 2.8 square kilometres. It has 12 parks covering nearly 4.9% of total area. The population of Belmore in 2011 was 12,574 people. By 2016 the population was 12,746 showing a population growth of 1.4% in the area during that time. The predominant age group in Belmore is 30-39 years. Households in Belmore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmore work in a professional occupation. In 2011, 56.6% of the homes in Belmore were owner-occupied compared with 52.9% in 2016.

Belmore has 6,544 properties. Over the last 5 years, Houses in Belmore have seen a 74.89% increase in median value, while Units have seen a 17.95% increase. As at 31 August 2024:

  • The median value for Houses in Belmore is $1,634,083 while the median value for Units is $600,381.
  • Houses have a median rent of $750 while Units have a median rent of $550.
There are currently 29 properties listed for sale, and 37 properties listed for rent in Belmore on OnTheHouse. According to CoreLogic's data, 273 properties were sold in the past 12 months in Belmore.

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Mark Ammoun
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Raine & Horne Commercial Bankstown
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