472 Railway ParadeAllawah NSW 2218
Property Details for 472 Railway Pde, Allawah
472 Railway Pde, Allawah is a 0 bedroom, 0 bathroom House and was built in 2000. The property has a land size of 221m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (July 2023)
CBRE as the exclusive selling agent is pleased to present 472 Railway Parade, Allawah to the market.
The offering comprises a fully leased multi-tenanted investment opportunity with exceptional signage exposure and the ability for significant rental reversion.
472 Railway Parade, Allawah benefits from the following key features:
Multi-tenanted freehold comprising one retail tenant and three, one-bedroom residential apartments
Retail premises leased to Barakah Kebab House returning an under rented annual income of $16,068* with 3% fixed annual reviews and three-year option.
Significant rental reversion opportunities allowing the potential to bring rental figures back to market values at approximately $104,871.43 gross per annum
Exceptional signage exposure along Railway Parade and positioned directly opposite Allawah Train Station
Rear access via Illawarra Street in addition to an abundance of street parking on Mona Street and Railway Parade
Proximity to a wealth of local amenity including highly rated schools, parks, shopping facilities, beaches, Sydney Airport and Sydney CBD.
472 Railway Parade, Allawah will be sold via Public Auction on Tuesday 18th July 2023 at 10:30am at auctionWORKS.
For more information or to arrange an inspection, please contact the exclusive agents
*Approx
Property History for 472 Railway Pde, Allawah, NSW 2218
- 18 Jul 2023Sold for $1,420,000
- 24 Mar 2023Listed for Sale $1,895,000.00 & $1,695,000.00
- 16 Sep 2021Listed for Rent $325 / week
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About Allawah 2218
The size of Allawah is approximately 0.6 square kilometres. It has 6 parks covering nearly 2.1% of total area. The population of Allawah in 2011 was 5,365 people. By 2016 the population was 5,692 showing a population growth of 6.1% in the area during that time. The predominant age group in Allawah is 20-29 years. Households in Allawah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Allawah work in a professional occupation. In 2011, 58% of the homes in Allawah were owner-occupied compared with 51.4% in 2016.
Allawah has 2,599 properties. Over the last 5 years, Houses in Allawah have seen a 53.43% increase in median value, while Units have seen a 20.16% increase. As at 31 October 2024:
- The median value for Houses in Allawah is $1,791,023 while the median value for Units is $750,549.
- Houses have a median rent of $710 while Units have a median rent of $650.
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