287 Darling StreetBalmain NSW 2041
Property Details for 287 Darling St, Balmain
Last Listing description (February 2019)
An incredible opportunity exists to capitalise on this exciting retail investment with mixed-use potential. Ideally located in a blue ribbon location in Darling Street Village, opposite Woolworths and alongside busy cafes, boutiques and lifestyle amenities. The whole building is leased to long standing national tenant ''Seed Kids''
The ground level, comprising an open plan design with high ceilings and chandeliers. This versatile property provides a great opportunity for owner-occupiers with the first level offering a possible one-bedroom apartment with the option to lease and benefit from high rental returns.
The upper level of the property reveals a character-filled potential living and bedroom, adjoining onto a flexible space that could easily be converted into a functional kitchen complete with an ensuite.
Additional highlights include air conditioning, abundant natural light throughout, rear lane access with parking and a huge amount of basement storage.
Exceptionally located for optimum exposure, this sought-after retail site is located in the heart of Darling Street and is within an easy stroll to all that the village has to offer.
- Approx 146sqm of land area open plan ground floor with existing change rooms
- Ready for mixed-use opportunities, one bedroom apartment upstairs
- Upper level has open living/bedroom plus ensuite
- Impressive opportunity for owner-occupiers and astute investors
- Hardwood floors, high ceiling, natural light, air conditioning, alarm
- Rear lane access with parking and basement storage.
- National tenant ''Seed Kids''
- Passing income of $101,556 plus GST per annum
- Fixed rental growth of 4% per annum
- Busy high foot traffic location, direct across the road from Woolworths.
Property History for 287 Darling St, Balmain, NSW 2041
- 22 Feb 2019Listed for Sale Contact Agent
- 28 Sep 2016Sold for $1,925,000
- 15 Sep 2016Listed for Sale Not Disclosed
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0About Balmain 2041
The size of Balmain is approximately 1.6 square kilometres. It has 15 parks covering nearly 8.8% of total area. The population of Balmain in 2011 was 9,783 people. By 2016 the population was 10,463 showing a population growth of 7.0% in the area during that time. The predominant age group in Balmain is 30-39 years. Households in Balmain are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balmain work in a professional occupation. In 2011, 54.2% of the homes in Balmain were owner-occupied compared with 55.6% in 2016.
Balmain has 6,055 properties. Over the last 5 years, Houses in Balmain have seen a 26.28% increase in median value, while Units have seen a 29.06% increase. As at 30 November 2024:
- The median value for Houses in Balmain is $2,637,656 while the median value for Units is $1,400,855.
- Houses have a median rent of $1,000 while Units have a median rent of $780.
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