FOR SALE
Auction Tuesday 12th November 2024

354 Illawarra Road
Marrickville NSW 2204

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 135m2
Land area: 201m2
Auction Time
Tue 12 Nov 10:30 am
Inspection Times
No upcoming inspections scheduled.
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Mixed Use Investment | Prime Position on Illawarra Road | Auction 12th November 2024

This brilliantly presented shop and residence is located moments from Marrickville Station and surrounded by some of Marrickville's most popular bars, cafés and eateries. 354 Illawarra Road, Marrickville offers investors or future owner occupiers a high-quality mixed-use premises that ticks all the boxes.
> Two level shop and residence on 201m²* of land
> The ground floor is currently leased to My Diep's Hairdressers expiring in September 2026. The first floor is also leased on a month-to-month basis with a total gross annual income of $58,396.08 per annum* exc GST
> Valuable rear lane access with abundant parking bay via Wooley Lane
> Zoned E1 Local Centre, suitable for a variety of uses
> Located moments from renowned operators Illawarra Pork Roll, Whole Beast Butchery, Vesbar Espresso, Hellenic Patisserie, Woolworths and Fitness Playground ensuring high foot traffic and visibility
> Known as 'Little Asia' Illawarra Road is one of the most tightly held areas in Marrickville, an already highly popular suburb. Here is an opportunity for investors or future owner-occupiers to acquire a site in one of the Inner West's most active locations
*All amounts, areas and distances are approximate
Auction Details:
For Sale by Auction on Tuesday, 12th November 2024
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Property Details for 354 Illawarra Rd, Marrickville

Building Type
Commercial
Floor Size
135m2
Land Size
201m2

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About Marrickville 2204

The size of Marrickville is approximately 5.8 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Marrickville in 2011 was 24,612 people. By 2016 the population was 26,571 showing a population growth of 8.0% in the area during that time. The predominant age group in Marrickville is 30-39 years. Households in Marrickville are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Marrickville work in a professional occupation. In 2011, 54.6% of the homes in Marrickville were owner-occupied compared with 51.2% in 2016.

Marrickville has 14,962 properties. Over the last 5 years, Houses in Marrickville have seen a 47.40% increase in median value, while Units have seen a 28.62% increase. As at 30 September 2024:

  • The median value for Houses in Marrickville is $2,034,865 while the median value for Units is $896,701.
  • Houses have a median rent of $900 while Units have a median rent of $650.
There are currently 44 properties listed for sale, and 119 properties listed for rent in Marrickville on OnTheHouse. According to CoreLogic's data, 528 properties were sold in the past 12 months in Marrickville.

Suburb Insights for Marrickville 2204

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Contact agent
Nicholas Smith
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Dane Henrich
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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.