88 Darby StreetCooks Hill NSW 2300
Property Details for 88 Darby St, Cooks Hill
Last Listing description (July 2023)
For Sale by Public Auction on Saturday 22 July 2023 at 12pm on-site
88 Darby Street, Cooks Hill is a fully tenanted investment opportunity, with two commercial leases generating a substantial annual net income of $118,751* per annum plus GST.
The property offers dual income with the ground floor occupied by Dumpling Flavour until April of 2027. The first floor is occupied by the popular Wings and Tins restaurant in a lease until 2026 with a further 5-year option. Both tenancies have a fully fitted commercial kitchen equipped with cool rooms and a grease trap. Both ground floor and level one tenancies offer convenient amenities with approximate seating for 145 customers across both tenancies.
The asset offers great exposure along the busy Darby Street in Cooks Hill and presents an attractive dual income investment prospect with promising returns.
Key features include:
- Two commercial leases generating $118,751* net per annum + GST
- Two fully fitted commercial kitchens
- Includes grease trap, cool rooms, and ample storage
- Amenities available on both ground floor & level 1
- High exposure along Darby Street
*Approximately
Property History for 88 Darby St, Cooks Hill, NSW 2300
- 19 Jul 2023Sold for $1,850,000
- 20 Jun 2023Listed for Sale Contact Agent
- 16 Jul 2021Listed for Rent - Price not available
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About Cooks Hill 2300
The size of Cooks Hill is approximately 0.7 square kilometres. It has 6 parks covering nearly 6.3% of total area. The population of Cooks Hill in 2011 was 3,621 people. By 2016 the population was 3,606 showing a population decline of 0.4% in the area during that time. The predominant age group in Cooks Hill is 20-29 years. Households in Cooks Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cooks Hill work in a professional occupation. In 2011, 44% of the homes in Cooks Hill were owner-occupied compared with 41.3% in 2016.
Cooks Hill has 2,487 properties. Over the last 5 years, Houses in Cooks Hill have seen a 68.92% increase in median value, while Units have seen a 33.39% increase. As at 31 August 2024:
- The median value for Houses in Cooks Hill is $1,730,559 while the median value for Units is $788,992.
- Houses have a median rent of $700 while Units have a median rent of $585.
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