FOR SALE
For Sale $2,800,000 - $3,000,000

Railway Parade
Lakemba NSW 2195

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 110m2
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A Premier Investment Opportunity with Solid Returns

Secure this prime position in the heart of Lakemba located on the busy Haldon Street. Currently used as a convenience store/mini-supermarket, shops 5 & 6 Railway Parade present an incredible opportunity for the investor that seeks solid returns and high visibility.
With a desirable B2 zoning, the property enjoys an exceptional location in the heart of Lakemba. With high pedestrian and vehicular visibility, it is metres to Lakemba station.
With a combined total of 110.6sqm, each lot is approximately 55.3sqm in size. With an existing lease that expires 30 April 2024, the property is to be sold in one line with an interested tenant. Currently returning $114,000 (including GST) per annum.
Features include:
- Property currently used as a convenience store/mini-market
- B2 zoning. Combined total of 110.6sqm, each lot is approx. 55.3sqm in size
- Currently with an existing lease that expires 30 April 2024
- Property is to be sold in one line with an interested tenant
- Currently returning $114,000 (including GST) per annum
- Enjoying an exceptional location, metres to Lakemba station

Property Details for Railway Pde, Lakemba

Building Type
Commercial
Floor Size
110m2

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About Lakemba 2195

The size of Lakemba is approximately 2.2 square kilometres. It has 11 parks covering nearly 6.7% of total area. The population of Lakemba in 2011 was 15,507 people. By 2016 the population was 17,011 showing a population growth of 9.7% in the area during that time. The predominant age group in Lakemba is 30-39 years. Households in Lakemba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lakemba work in a labourer occupation. In 2011, 44.9% of the homes in Lakemba were owner-occupied compared with 39.1% in 2016.

Lakemba has 7,251 properties. Over the last 5 years, Houses in Lakemba have seen a 67.15% increase in median value, while Units have seen a 17.33% increase. As at 31 August 2024:

  • The median value for Houses in Lakemba is $1,347,432 while the median value for Units is $472,752.
  • Houses have a median rent of $700 while Units have a median rent of $510.
There are currently 42 properties listed for sale, and 37 properties listed for rent in Lakemba on OnTheHouse. According to CoreLogic's data, 333 properties were sold in the past 12 months in Lakemba.

Suburb Insights for Lakemba 2195

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Lush Pillay
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Sarah Sevdalis
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LJ Hooker Padstow
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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.