FOR SALE
For Sale $4,450,000

15a Progress Avenue
Eastwood NSW 2122

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 105m2
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Prime Commercial Property for Sale - Eastwood Village Square

Also known as 16/1 Lakeside Road Eastwood
Seize this rare investment opportunity in the heart of Eastwood Village Square! Currently operating as a successful butcher shop, this 105sqm property boasts prime street frontage with unbeatable exposure in one of the area's most popular retail precincts.
Key features:
Leased until June 2027 with a 5-year option for the tenant, providing a stable income stream
Current annual income of $159,370 (excl. GST)
Tenant covers all outgoings, making it a hassle-free investment
Fully equipped with a coolroom and modern fit-out
High-traffic location ensures excellent visibility for any future business
With a long-term, reliable tenant and fantastic exposure, this property is a standout in a thriving commercial hub. Don't miss out on this secure, income-generating investment!
Contact us today for more details or to arrange an inspection.

Property Details for 15a Progress Ave, Eastwood

Building Type
Commercial
Floor Size
105m2

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About Eastwood 2122

The size of Eastwood is approximately 5.2 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Eastwood in 2011 was 16,193 people. By 2016 the population was 17,880 showing a population growth of 10.4% in the area during that time. The predominant age group in Eastwood is 20-29 years. Households in Eastwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eastwood work in a professional occupation. In 2011, 66.3% of the homes in Eastwood were owner-occupied compared with 61.9% in 2016.

Eastwood has 8,677 properties. Over the last 5 years, Houses in Eastwood have seen a 70.68% increase in median value, while Units have seen a 17.43% increase. As at 31 October 2024:

  • The median value for Houses in Eastwood is $2,618,135 while the median value for Units is $890,816.
  • Houses have a median rent of $880 while Units have a median rent of $620.
There are currently 74 properties listed for sale, and 34 properties listed for rent in Eastwood on OnTheHouse. According to CoreLogic's data, 370 properties were sold in the past 12 months in Eastwood.

Suburb Insights for Eastwood 2122

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Kate Mcdonald
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Jane Allen
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Select Property Sydney
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Disclaimer
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.