FOR SALE
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40-42 Gardeners Road
Kingsford NSW 2032

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 620m2
Land area: 347m2
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Superb Commercial Investment with Sensational Rental Income

Potential Redevelopment Site - Whole Building to Be Offered in One Line.
A rare opportunity to acquire this superb investment while benefiting from fabulous existing income:
* Zoned B2 Local Centre.
* F.S.R 3:1 and height limit 24 metres.
*Current annual rental income is a combined $269,000 approximately.
* Right of way from Housten Road, giving the rear warehouse Rolla door access.
Close to all amenities, transport, Sydney Airport, University of NSW, Prince of Wales Hospital and new light rail interchange provides a quick 10m journey to Sydney CBD.
* Site Area is 347.8m² Approx with 600m2 of lettable area, beautifully constructed building features concrete slab on ground and first floor.
The rental incomes for (5) lettable entities are as follows:
-"Suite 1" - 237m²
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Property Details for 40-42 Gardeners Rd, Kingsford

Building Type
Commercial
Floor Size
620m2
Land Size
347m2

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About Kingsford 2032

The size of Kingsford is approximately 2 square kilometres. It has 9 parks covering nearly 0.5% of total area. The population of Kingsford in 2011 was 14,100 people. By 2016 the population was 15,474 showing a population growth of 9.7% in the area during that time. The predominant age group in Kingsford is 20-29 years. Households in Kingsford are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kingsford work in a professional occupation. In 2011, 49.2% of the homes in Kingsford were owner-occupied compared with 43% in 2016.

Kingsford has 6,871 properties. Over the last 5 years, Houses in Kingsford have seen a 54.68% increase in median value, while Units have seen a 19.79% increase. As at 31 August 2024:

  • The median value for Houses in Kingsford is $2,792,113 while the median value for Units is $982,425.
  • Houses have a median rent of $1,100 while Units have a median rent of $750.
There are currently 27 properties listed for sale, and 39 properties listed for rent in Kingsford on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Kingsford.

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Carl Wilson
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Home Estate Agents Pty Ltd - Bronte
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