FOR SALE
Auction

470-472 Anzac Parade
Kingsford NSW 2032

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 256m2
Land area: 285m2
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Auction Time
Wed 13 Nov 10:30 am
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Mixed Use Freehold + Significant Development Potential

- Ground Floor Shop + 2 x 2 bed units
- Tenants pay 50% of building outgoings
- Holding Income + Flexible leases in play
Ray White Commercial Eastern Suburbs and Ray White Double Bay are excited to present to market 470-472 Anzac Parade, Kingsford, being sold via Public Auction.
This exceptional freehold building is perfectly positioned on Anzac Parade in Kingsford's bustling shopping precinct and strategically positioned within walking distance to the UNSW Campus, Prince of Wales Hospital, nearby Kingsford Light Rail Station and well-connected public transport hubs.
The property is located within the Kensington to Kingsford Planning Strategy precinct (K2K) offering favourable planning controls and incredible development potential in one of the fastest growing residential precincts in Sydney's Eastern suburbs.
Investment Highlights:
- 2 level freehold comprising a ground floor restaurant and 2 x 2 bedroom apartments
- Ground floor leased to established Malaysian Restaurant operator with 2 existing locations
- Both units are renovated with timber flooring, modern kitchen, air conditioning + internal laundry facilities
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Property Details for 470-472 Anzac Pde, Kingsford

Building Type
Commercial
Floor Size
256m2
Land Size
285m2

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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 6,839 properties. Over the last 5 years, Houses in Kingsford have seen a 48.59% increase in median value, while Units have seen a 18.59% increase. As at 30 September 2024:

  • The median value for Houses in Kingsford is $2,712,731 while the median value for Units is $979,961.
  • Houses have a median rent of $1,000 while Units have a median rent of $750.
There are currently 26 properties listed for sale, and 44 properties listed for rent in Kingsford on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Kingsford.

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Pamela Pang
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Zorick Toltsan
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Ray White Double Bay
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