FOR SALE
PRIVATE TREATY

Shop 13/849 George Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 51m2
Land area: 51m2
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Tenanted Retail Opportunity

Ray White Commercial (SC) is pleased to present to market a premium tenanted retail opportunity in the heart of Ultimo, opening to one of the busiest streets in Sydney. The property is located at Shop 13 / 849 George Street, Ultimo, will be offered for sale by negotiation.
Located within walking distance to Central Station, Haymarket, Central Park Mall and multiple universities, this retail shop offer unparalleled convenience and connectivity. The current lease provides a secure cash income for investors looking for a long-term investment opportunity. The potential internal layout also features a full open space opportunity, providing a blank canvas for future re-configuration to suit various business needs.
Additional highlights of the asset include:
• Internal floor area - 51sqm*
• Current rental income $65,000 incl GST* per annum
• Opposite Railway Square
• Immediate proximity to UTS, USYD and TAFE Ultimo Campus
• 100m* to Central Station
• 150m* to Central Park Mall
• 350m* to Haymarket Lighrail Station
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Property Details for Shop 13/849 George St, Ultimo

Building Type
Commercial
Floor Size
51m2
Land Size
51m2

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About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2011 was 7,111 people. By 2016 the population was 8,837 showing a population growth of 24.3% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation. In 2011, 29.6% of the homes in Ultimo were owner-occupied compared with 25% in 2016.

Ultimo has 6,540 properties. Over the last 5 years, Houses in Ultimo have seen a 35.72% increase in median value, while Units have seen a 11.00% increase. As at 30 November 2024:

  • The median value for Houses in Ultimo is $1,886,381 while the median value for Units is $742,244.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 29 properties listed for sale, and 52 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 213 properties were sold in the past 12 months in Ultimo.

Suburb Insights for Ultimo 2007

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Leslie Li
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RWC SC
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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.