FOR SALE
For Sale $2,200,000 Negotiable

31 Norton Street
Leichhardt NSW 2040

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 160m2
Land area: 234m2
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Two Level Freestanding Building with Food & Liquor Approvals in the Heart of Leichhardt | Genuine Vendor

This a precious opportunity to acquire this mixed-use freehold terrace. 31 Norton Street is strategically located at the busiest intersections in Leichhardt's commercial precinct. The property benefits from incredible vehicular and foot traffic 7 days a week in this popular Inner West suburb, It is surrounded by Norton Plaza, Leichhardt Cinemas, the Italian Forum and other National and Cultural institutions
Key Features
> Land area of approx. 234sqm
> 160sqm building area across two levels with On-Premises Liquor License (Primary Service Authorization). Currently being operated as an Oriental/Beijing-style food restaurant
> The ground floor has an eye-catching bar with a tap beer dining area, a small alfresco area, storeroom, grease trap and separate male and female bathrooms
> The upper level has a large undercover terrace and seating area with an office and shower
> The property can accommodate approximately 60-80 guests
> Approx. 40 sqm undercover courtyard at the rear of the property
> Proximity to council parking bays, bus stops and Leichhardt North light rail
> Strategic position and prime location in the heart of Norton Street and surrounded by popular eateries and businesses such as Bar Italia, The Royal Leichhardt, Mezzapica Café & Cakes, Kogi Kogi Korean BBQ & Bar, Café Jolly, Chemist Warehouse, Australia Post, Leichhardt Town Hall and Palace Cinemas
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Property Details for 31 Norton St, Leichhardt

Building Type
Commercial
Floor Size
160m2
Land Size
234m2

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About Leichhardt 2040

The size of Leichhardt is approximately 2.6 square kilometres. It has 16 parks covering nearly 6.6% of total area. The population of Leichhardt in 2011 was 13,519 people. By 2016 the population was 14,608 showing a population growth of 8.1% in the area during that time. The predominant age group in Leichhardt is 30-39 years. Households in Leichhardt are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Leichhardt work in a professional occupation. In 2011, 57.8% of the homes in Leichhardt were owner-occupied compared with 57.6% in 2016.

Leichhardt has 8,670 properties. Over the last 5 years, Houses in Leichhardt have seen a 38.83% increase in median value, while Units have seen a 30.50% increase. As at 31 October 2024:

  • The median value for Houses in Leichhardt is $2,077,732 while the median value for Units is $1,091,523.
  • Houses have a median rent of $920 while Units have a median rent of $738.
There are currently 35 properties listed for sale, and 43 properties listed for rent in Leichhardt on OnTheHouse. According to CoreLogic's data, 436 properties were sold in the past 12 months in Leichhardt.

Suburb Insights for Leichhardt 2040

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Sammy D'Arrigo
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Raine & Horne Commercial Inner West/South 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.