FOR SALE
Auction Tuesday 10th Dec 6pm @ Cronulla RSL

40 Gymea Bay Road
Gymea NSW 2227

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 196m2
Land area: 228m2
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Auction Time
Tue 10 Dec 6:00 pm
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No upcoming inspections scheduled.
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Foodie Freehold

RWC Greater Sydney South is proud to present an exceptional opportunity to purchase this solid freehold property in the tightly held Gymea high street. This asset will be available to purchase via Auction on Tuesday, 10th December 2024.
Surrounded by Gymea's best restaurants & cafes this property comprises a great ground floor food retail restaurant occupying 98m²* with adequate seating for 34 patrons* with parking and storage provided in addition to the shop. The first floor provides real value with the property offering an additional three bedroom residential apartment on top of the shop to ensure you maximise your investment. Currently occupied on an expired lease by the popular Gymea Chinese Restaurant, the current rent is below market with a passing rent of $82,740 + GST p.a with the tenant offering to remain on a new three year lease at an increased rental^.
The property is located in the highly desirable 'foodie' area of Gymea's high street with a total land size of 228m²* with building improvements totalling 196m²*. Very few properties are offered for sale in Gymea and this is one not to be missed.
Key features to highlight include:
• Prominent street frontage in Gymea's bustling shopping precinct
• Extremely attractive position surrounded by Gymea's best food offerings
• Ability to lease retail & residential areas separately
• Rear access with two car spaces and large storage at the rear
The property is offered for sale via Auction on Tuesday 10th December 2024 at 6:00pm (AEST). The Auction will be held at Cronulla RSL, 38 Gerrale Street, Cronulla NSW 2230.
*approximately
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Property Details for 40 Gymea Bay Rd, Gymea

Building Type
Commercial
Floor Size
196m2
Land Size
228m2

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About Gymea 2227

The size of Gymea is approximately 2.2 square kilometres. It has 10 parks covering nearly 2.3% of total area. The population of Gymea in 2011 was 7,174 people. By 2016 the population was 7,577 showing a population growth of 5.6% in the area during that time. The predominant age group in Gymea is 40-49 years. Households in Gymea are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Gymea work in a professional occupation. In 2011, 69.5% of the homes in Gymea were owner-occupied compared with 66.7% in 2016.

Gymea has 3,973 properties. Over the last 5 years, Houses in Gymea have seen a 43.08% increase in median value, while Units have seen a 34.48% increase. As at 31 October 2024:

  • The median value for Houses in Gymea is $1,635,320 while the median value for Units is $979,483.
  • Houses have a median rent of $900 while Units have a median rent of $700.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Gymea on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Gymea.

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Brad Lord
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Rodney Clarke
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RWC Greater Sydney South
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