FOR SALE
Sale Price Unavailable

55E Eton Street
Sutherland NSW 2232

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 51m2
Land area: 85m2
Auction Time
Wed 11 Dec 10:00 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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AFFORDABLE SUTHERLAND CBD RETAIL OPPORTUNITY - INVEST OR OCCUPY

Ray White Commercial (SC) is pleased to present to the market a rare opportunity to acquire a unique, entry level Torrens titled commercial asset with benefit for the incoming purchaser to have the ability to invest or occupy. The property, located in the heart of the Sutherland Town Centre at 55E Eton Street, Sutherland will be offered for sale via Auction on Wednesday, 11th December 2024.
This asset occupies approximately 85 square metres of area and currently houses a barber shop. Strategically positioned along the highly trafficked retail strip of Eton Street, the asset benefits from exceptional visibility and exposure. The site additionally enjoys its proximity to the busy Sutherland Station that sees over 3,277,700 passengers per year^ enter and exit.
Additional highlights of the asset include:
Site area - 85 sqm*
Prime corner location along Eton Street offering significant retail visibility and foot traffic
Potential for various uses with the property being offered with Vacant Possession or as a Tenanted Investment
Tenant is on a Month-to-Month lease, returning an annualised income of $41,454.55* plus GST - under rented at $812.83 per square metre*
The property offers significant rental reversion potential, with current retail market rents in the area reaching approximately $1,100 per square metre
Zoned: E2 - Commercial Core
FSR: 3.5:1
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Property Details for 55e Eton St, Sutherland

Building Type
Commercial
Floor Size
51m2
Land Size
85m2

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About Sutherland 2232

The size of Sutherland is approximately 3.7 square kilometres. It has 13 parks covering nearly 21.2% of total area. The population of Sutherland in 2011 was 9,923 people. By 2016 the population was 10,807 showing a population growth of 8.9% in the area during that time. The predominant age group in Sutherland is 30-39 years. Households in Sutherland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sutherland work in a professional occupation. In 2011, 57.3% of the homes in Sutherland were owner-occupied compared with 54.6% in 2016.

Sutherland has 6,761 properties. Over the last 5 years, Houses in Sutherland have seen a 47.54% increase in median value, while Units have seen a 29.98% increase. As at 31 October 2024:

  • The median value for Houses in Sutherland is $1,489,562 while the median value for Units is $757,419.
  • Houses have a median rent of $700 while Units have a median rent of $640.
There are currently 34 properties listed for sale, and 17 properties listed for rent in Sutherland on OnTheHouse. According to CoreLogic's data, 346 properties were sold in the past 12 months in Sutherland.

Suburb Insights for Sutherland 2232

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Contact agent
David Kandilas
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Ray White Sutherland Shire - Menai
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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.