FOR SALE
For Sale by Auction on the 28th November 2024

7A Queen Street
Petersham NSW 2049

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 771m2
Land area: 528m2
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Auction Time
Thu 28 Nov 10:30 am
Inspection Times
No upcoming inspections scheduled.
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DA Approved for a 22 Room Boarding House | Occupiers, Builders and Investors

7a Queen Street, Petersham is currently a 771m² industrial building, most recently used as a joinery workshop, with approval to convert and develop into a 22-room boarding house, including 6 loft 1 bedrooms. The DA has 3 separate communal areas and an outdoor area which will provide outdoor seating/dining and amenities such as BBQ facilities. Bicycle (5) and motorbike (5) parking is internal and secure car parking (2) is provided underneath and accessed from the side lane. The building is wheelchair accessible and 4 of the apartments on ground floor are fully wheelchair accessible.
> Access to the building is via Queen Street as well as a side laneway.
> Once completed it will be a perfect multi-income producing investment.
> Fantastic base for a residential warehouse conversion.
> Potential to be easily adapted for your business use should you wish to keep the building in its current form.
> Poised to benefit from a range of nearby developments and infrastructure upgrades.
> Offers immediate access to Leichhardt town centre and a choice of transport options.
> Close to a range of popular amenities such as educational establishments, hospitals, shops, transport options, arterial roadways, cafés, restaurants and bars.
7a Queen Street, Petersham will be sold at our Raine&Horne Commercial National Auction Event on the 28th November 2024.
*All amounts are approximate

Property Details for 7a Queen St, Petersham

Building Type
Commercial
Floor Size
771m2
Land Size
528m2

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About Petersham 2049

The size of Petersham is approximately 1.3 square kilometres. It has 6 parks covering nearly 5.5% of total area. The population of Petersham in 2011 was 7,529 people. By 2016 the population was 8,114 showing a population growth of 7.8% in the area during that time. The predominant age group in Petersham is 30-39 years. Households in Petersham are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Petersham work in a professional occupation. In 2011, 49.8% of the homes in Petersham were owner-occupied compared with 47.3% in 2016.

Petersham has 5,097 properties. Over the last 5 years, Houses in Petersham have seen a 40.91% increase in median value, while Units have seen a 15.70% increase. As at 30 September 2024:

  • The median value for Houses in Petersham is $2,084,573 while the median value for Units is $811,596.
  • Houses have a median rent of $800 while Units have a median rent of $620.
There are currently 21 properties listed for sale, and 33 properties listed for rent in Petersham on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Petersham.

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Luke Smith
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Raine & Horne Commercial Inner West/South Sydney
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