FOR SALE
AUCTION

216 Beamish Street
Campsie NSW 2194

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 604m2
Land area: 323m2
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Auction Time
Tue 29 Oct 10:30 am
Inspection Times
No upcoming inspections scheduled.
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Freehold Investment Opportunity in the Heart of Campsie

Ray White Commercial (SC) is delighted to present an unmissable freehold investment opportunity, owned by the same family for over 40 years, at 216 Beamish Street, Campsie. Positioned along one of Campsie's most vibrant and tightly held streets, this property offers both immediate rental returns and substantial future development potential. The property will be offered for sale via Auction on Tuesday, 29 October 2024.
This versatile two-storey asset currently comprises an Asian grocery store on the ground floor and a cultural/dance studio upstairs, with a long-term tenant providing secure rental income. The tenant's preference to renew their lease adds to the investment's appeal, while the approaching lease end also offers potential for owner-occupiers to take advantage.
Situated in the heart of Campsie, a vibrant multicultural community, the property benefits from a dynamic local atmosphere, offering an array of dining and shopping experiences.
Additional highlights include:
• Land Size: 323 sqm*
• Internal Area: 604 sqm*
• Current Net Rental Income: $225,782.54 + GST per annum*
• Zoned B2: Local Centre
• Height Limit: 18m
• Strong investment or future owner-occupancy potential
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Property Details for 216 Beamish St, Campsie

Building Type
Commercial
Floor Size
604m2
Land Size
323m2

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About Campsie 2194

The size of Campsie is approximately 3.3 square kilometres. It has 16 parks covering nearly 3.3% of total area. The population of Campsie in 2011 was 21,219 people. By 2016 the population was 24,573 showing a population growth of 15.8% in the area during that time. The predominant age group in Campsie is 20-29 years. Households in Campsie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Campsie work in a professional occupation. In 2011, 48.9% of the homes in Campsie were owner-occupied compared with 43.3% in 2016.

Campsie has 12,558 properties. Over the last 5 years, Houses in Campsie have seen a 54.97% increase in median value, while Units have seen a 19.90% increase. As at 30 September 2024:

  • The median value for Houses in Campsie is $1,836,101 while the median value for Units is $647,627.
  • Houses have a median rent of $750 while Units have a median rent of $560.
There are currently 61 properties listed for sale, and 89 properties listed for rent in Campsie on OnTheHouse. According to CoreLogic's data, 566 properties were sold in the past 12 months in Campsie.

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Samuel Hadgelias
Leslie Li
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RWC SC
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