7/2 Paton PlaceBalgowlah NSW 2093
Property Details for 7/2 Paton Pl, Balgowlah
7/2 Paton Pl, Balgowlah is a 0 bedroom, 0 bathroom Unit with 1 parking spaces. The property has a land size of 1410m2 and floor size of 216m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 0 bedroom Unit sold in Balgowlah in the last 12 months.
Last Listing description (November 2023)
Perfectly positioned on the first floor of this very tightly held warehouse complex, this is the second biggest unit in the block. This is an excellent opportunity in a prime location in the vibrant suburb of Balgowlah.
This bright and spacious investment opportunity is being sold as a going concern. The property is currently leased to "Modern Movement Yoga" until 2/10/2025, with an additional 4-year option from 3/10/2025 to 2/10/2029.
* Total building space 216sqm
* 6.4% Net return
* Outstanding natural light
* Open plan layout
* Small office/storage space
* 2 bathrooms
* Shower amenities
* Air-conditioning
* Current rent $61,032.12 net pa excl GST
* Outgoings approx. $8,321 pa excl GST
* Initial lease term (4 years) 3/10/17 2/10/2021
* Option period (4 years) 3/10/2021 2/10/2025
* Further option period (4 years) 3/10/2025 2/10/2029
* Rent reviews 3% or CPI whichever is greater on 3rd January each year
* Market review 3/1/2026
* Zoning E3 Productivity Support
Situated on Paton Place, around the corner from the Woolworths shopping centre development on Roseberry Street, Balgowlah. Close to Harvey Norman and within a few minutes' drive to Manly's iconic Beach. Easy access south to the city via Burnt Bridge Creek Deviation/Spit Bridge.
With easy access to key areas like manly (2.8km), Brookvale (3.0km), Dee Why,(5.5km), Chatswood(15.1km) Mona Vale (15.6km), and even the Sydney CBD (15.1km), this location is desirable for anyone.
Call Saxon Stonehouse 0408 033 330 or Paul Cunningham on 0413 161 661 today for your inspection.
***All areas/measurements are approximations. It is up to lessees/purchasers to conduct their own investigations regarding any approvals required by governing authorities***
Property History for 7/2 Paton Pl, Balgowlah, NSW 2093
- 04 Apr 2024Sold for $934,000
- 16 Jun 2023Listed for Sale $950,000
- 02 May 2023Listed for Sale Contact Agent
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0About Balgowlah 2093
The size of Balgowlah is approximately 1.9 square kilometres. It has 12 parks covering nearly 13% of total area. The population of Balgowlah in 2011 was 7,494 people. By 2016 the population was 7,952 showing a population growth of 6.1% in the area during that time. The predominant age group in Balgowlah is 40-49 years. Households in Balgowlah are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balgowlah work in a professional occupation. In 2011, 66.7% of the homes in Balgowlah were owner-occupied compared with 65.8% in 2016.
Balgowlah has 4,321 properties. Over the last 5 years, Houses in Balgowlah have seen a 47.95% increase in median value, while Units have seen a 36.97% increase. As at 31 October 2024:
- The median value for Houses in Balgowlah is $3,122,778 while the median value for Units is $1,498,040.
- Houses have a median rent of $1,350 while Units have a median rent of $795.
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