FOR SALE
EXPRESSIONS OF INTEREST

359-361 Concord Road
Concord West NSW 2138

Bedrooms: -
Bathrooms: -
Car spaces: 25
Floor area: 1400m2
Land area: 772m2
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Mixed Use Freehold Building | 12 Units + 3 Retail Areas

RWC Western Sydney is pleased to present 359 - 361 Concord Road, Concord West for sale, via Expressions of Interest.
Representing a unique investment opportunity to acquire an entire mixed-use complex, comprising of 12 units and 3 retail/ commercial areas to be sold in one line.
Currently, units 1-6 and 8-11 (10 units in total) are leased to NSW Land and Housing Corporation on a two (2) years lease term expiring on 1 January 2025.
Commanding an impressive three (3) street frontage site, the complex is fully leased with a passing net income of $556,965* per annum with scope to increase.
Strategically located in the affluent Concord suburb, only 350m* to Concord Hospital, walking to proximity to local retail shops and the vibrant Majors Bay Road retail precinct.
Additional highlights of the property are outlined below:
• Favourable unit mix (3 x 3 bedrooms, 6 x 2 bedrooms, 2 x 1 bedroom and 1 x studio)
• 25 Security Car spaces
• Rooftop terrace with panoramic city views
• Three street frontages for enhanced accessibility (Concord Road, Boronia Street & Currawong Lane)
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Property Details for 359-361 Concord Rd, Concord West

Building Type
Commercial
Floor Size
1400m2
Land Size
772m2

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About Concord West 2138

The size of Concord West is approximately 2.7 square kilometres. It has 11 parks covering nearly 5.6% of total area. The population of Concord West in 2011 was 5,848 people. By 2016 the population was 5,906 showing a population growth of 1.0% in the area during that time. The predominant age group in Concord West is 40-49 years. Households in Concord West are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Concord West work in a professional occupation. In 2011, 76.7% of the homes in Concord West were owner-occupied compared with 75.5% in 2016.

Concord West has 2,489 properties. Over the last 5 years, Houses in Concord West have seen a 45.97% increase in median value, while Units have seen a 20.32% increase. As at 30 September 2024:

  • The median value for Houses in Concord West is $2,591,713 while the median value for Units is $894,528.
  • Houses have a median rent of $998 while Units have a median rent of $620.
There are currently 8 properties listed for sale, and 7 properties listed for rent in Concord west on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Concord west.

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Peter Vines
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