FOR SALE
For Sale

33-35 Latrobe Terrace
Paddington QLD 4064

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 260m2
Land area: 645m2
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Options Aplenty in Paddington's Best Location.

A landbank and plan for future redevelopment with a passive income or make this a destination for your next retail/commercial adventure - whether as and investor or owner occupier.
Currently presented as Two (2) Dwellings with multiple occupied and unoccupied tenancies, this property offers the ability to simply invest or occupy part of whilst you explore further enhancement down the track.
The site is in the Mixed-Use Precinct of the Latrobe and Given Terraces Neighbourhood Plan. This precinct supports:
a. Residential development at a density of 1 dwelling per 300m² of site area (i.e. up to 2 dwellings)
b. Shop
c. Office
d. Food and Drink Outlet
e. Low Impact Industry
f. Service Industry
The cottages located on The Terrace of Paddington enjoy a high-profile location with good foot traffic and multiple configuration options or at the other extreme demolition with Council Approval.
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Property Details for 33-35 Latrobe Tce, Paddington

Building Type
Commercial
Floor Size
260m2
Land Size
645m2

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About Paddington 4064

The size of Paddington is approximately 2.5 square kilometres. It has 10 parks covering nearly 1.4% of total area. The population of Paddington in 2011 was 7,986 people. By 2016 the population was 8,554 showing a population growth of 7.1% in the area during that time. The predominant age group in Paddington is 20-29 years. Households in Paddington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation. In 2011, 51.4% of the homes in Paddington were owner-occupied compared with 52.4% in 2016.

Paddington has 4,615 properties. Over the last 5 years, Houses in Paddington have seen a 60.22% increase in median value, while Units have seen a 51.44% increase. As at 30 November 2024:

  • The median value for Houses in Paddington is $1,864,242 while the median value for Units is $787,457.
  • Houses have a median rent of $800 while Units have a median rent of $570.
There are currently 29 properties listed for sale, and 27 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 181 properties were sold in the past 12 months in Paddington.

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Max Hadgelias
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Ray White Paddington (Qld)
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