FOR SALE
For Sale $959,000

2/57 Cowper Wharf Roadway
Woolloomooloo NSW 2011

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 46m2
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Prime Investment Opportunity in Bustling 24-Hour Precinct - Secure Your Future Growth Today!

Strategically located investment property in a 24-hour trading residential, commercial & tourist precinct.
Benefiting from a new 5+5 year lease and completely refurbished, the property is leased by an established tenant who has been in possession since 2016.
Positioned directly opposite Woolloomooloo Wharf, a luxury hotel, and a building of 300 apartments, this property offers an excellent prospect for future growth at a very affordable entry point for investors.

Property Details for 2/57 Cowper Wharf Rdwy, Woolloomooloo

Building Type
Commercial
Floor Size
46m2

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About Woolloomooloo 2011

The size of Woolloomooloo is approximately 0.4 square kilometres. It has 9 parks covering nearly 4.6% of total area. The population of Woolloomooloo in 2011 was 3,715 people. By 2016 the population was 4,042 showing a population growth of 8.8% in the area during that time. The predominant age group in Woolloomooloo is 20-29 years. Households in Woolloomooloo are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Woolloomooloo work in a professional occupation. In 2011, 25% of the homes in Woolloomooloo were owner-occupied compared with 25.9% in 2016.

Woolloomooloo has 4,088 properties. Over the last 5 years, Houses in Woolloomooloo have seen a 42.57% increase in median value, while Units have seen a 15.09% increase. As at 31 August 2024:

  • The median value for Houses in Woolloomooloo is $2,691,083 while the median value for Units is $1,224,121.
  • Houses have a median rent of $895 while Units have a median rent of $750.
There are currently 22 properties listed for sale, and 19 properties listed for rent in Woolloomooloo on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Woolloomooloo.

Suburb Insights for Woolloomooloo 2011

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Raby Shui Yee Tam
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Ray White Elevate Group
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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.