FOR SALE
Price Guide $98,000 PLUS Stocks

Contact Agent For Address
Matraville NSW 2036

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 177m2
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Convenience Store with Steady Rental Income in Prime Matraville Location

Convenience Store with Steady Rental Income in Prime Matraville Location
**Summary:**
A rare opportunity to own a thriving general store along with a versatile mixed-use townhouse property. Situated on the bustling Wassell St, this business enjoys a prime location with no local competition, servicing the needs of the surrounding community and international students. The property also features 5 bedrooms, 3 bathrooms, a garage, and an additional parking space, generating rental income that covers all property expenses.
**Key Features:**
• Prime Location: Street-level store on Wassell St, benefiting from high foot traffic and a bus stop at the door with direct routes to UNSW.
• No Competition: Sole convenience store in the area catering to local residents and students.
• Rental Income: All rooms rented to students, generating steady income that fully covers rental and outgoings.
• Operational Simplicity: Vendor-run store with an established client base, operating 7 days a week.
• Spacious Property: Multi-functional townhouse offering ample space for living or potential business expansion.
**Potentials:**
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Property Details for Contact Agent For Address, Matraville

Building Type
Commercial
Floor Size
177m2

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About Matraville 2036

The size of Matraville is approximately 3.6 square kilometres. It has 13 parks covering nearly 4.3% of total area. The population of Matraville in 2011 was 9,039 people. By 2016 the population was 9,795 showing a population growth of 8.4% in the area during that time. The predominant age group in Matraville is 40-49 years. Households in Matraville are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Matraville work in a professional occupation. In 2011, 64.8% of the homes in Matraville were owner-occupied compared with 62.5% in 2016.

Matraville has 4,626 properties. Over the last 5 years, Houses in Matraville have seen a 53.89% increase in median value, while Units have seen a 20.47% increase. As at 30 November 2024:

  • The median value for Houses in Matraville is $2,460,833 while the median value for Units is $1,018,565.
  • Houses have a median rent of $1,300 while Units have a median rent of $750.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Matraville on OnTheHouse. According to CoreLogic's data, 166 properties were sold in the past 12 months in Matraville.

Suburb Insights for Matraville 2036

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Contact agent
Jeffrey Lei
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Jun Ok
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ANND PROPERTIES GROUP PTY LTD
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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.