FOR SALE
FOR SALE

Shop 2/646 Harris Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 119m2
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UNMISSABLE INVESTMENT OPPORTUNITY - CORNER LOCATION IN THE HEART OF HAYMARKET / ULTIMO

Ray White Commercial (SC) is pleased to present to market Chambers Coffee Ultimo, located at Shop 2/646 Harris Street, Ultimo, NSW. This property is offered for sale via Negotiation.
This asset features a new 10-year lease to 2033 with options to extend until 2043. Chambers Coffee is a successful and established Sydney coffee retailer and roaster with over 15 locations across Sydney and a strategic growth plan.
Situated in the bustling heart of Ultimo, this property enjoys high foot traffic and is strategically located next to major landmarks such as the University of Technology Sydney, TAFE, Chinatown, Broadway Shopping Centre, and Darling Harbour. It is just a 5-minute walk to the Haymarket Light Rail, making it an ideal investment.
Additional highlights of the asset include:
• Guaranteed rental growth with fixed 3% per annum increases
• Easy to manage single tenant investment with Chambers Coffee responsible for all outgoings including Land Tax & Property Management
• Prime and versatile corner position in the heart of UTS's campus with a student population of 45,221
• Ultimo is an inner Sydney suburb adjacent to the CBD with a high-density population catchment of 117,000+ within a 2km radius
• Net Income: $150,000 pa* + GST
• 3 x parking spaces on title
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Property Details for Shop 2/646 Harris St, Ultimo

Building Type
Commercial
Floor Size
119m2

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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 6,482 properties. Over the last 5 years, Houses in Ultimo have seen a 42.19% increase in median value, while Units have seen a 6.20% increase. As at 30 September 2024:

  • The median value for Houses in Ultimo is $1,922,633 while the median value for Units is $736,102.
  • Houses have a median rent of $868 while Units have a median rent of $730.
There are currently 43 properties listed for sale, and 39 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 219 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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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.