SOLD
Sold on 23 Jan 2024 for $805,000

37/402 Chapel Road
Bankstown NSW 2200

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 136m2
Land area: 194m2
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Property Details for 37/402 Chapel Rd, Bankstown

Building Type
Commercial
Floor Size
136m2
Land Size
194m2
Local Government
Canterbury-Bankstown
Lot/Plan
37/SP65391

Last Listing description (November 2021)

Securely leased premium position with a new 3 year tenancy.

* Located on level 4 facing Chapel Road overlooking Paul Keating park and Bankstown library.

* High quality fit out throughout the whole premises.

The interior layout consists of:
- Reception foyer
- 5 offices
- Meeting room
- Built in workstations, desks & storage cupboards

* Tenanted investment leased to a professional tenant on 3 year lease from 19 September 2019. Rented at $54,631.20 P.A. Gross + GST, with fixed 3% increases annually.

* 3 secure basement car spaces accessed via lift to level 4.

Chris Wade
0490 083 759
chrisw@commercial.net.au

Property History for 37/402 Chapel Rd, Bankstown, NSW 2200

A timeline of how this property has performed in the market
Last Sold
$805,000
23 Jan 2024
  • 23 Jan 2024
    Sold for $805,000
  • 27 Feb 2020
    Listed for Sale $765,000 No GST
  • 21 Jun 2010
    Sold for $470,000
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About Bankstown 2200

The size of Bankstown is approximately 6.5 square kilometres. It has 25 parks covering nearly 5.8% of total area. The population of Bankstown in 2011 was 30,571 people. By 2016 the population was 32,103 showing a population growth of 5.0% in the area during that time. The predominant age group in Bankstown is 20-29 years. Households in Bankstown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bankstown work in a professional occupation. In 2011, 52.4% of the homes in Bankstown were owner-occupied compared with 48.2% in 2016.

Bankstown has 15,996 properties. Over the last 5 years, Houses in Bankstown have seen a 59.87% increase in median value, while Units have seen a 16.86% increase. As at 31 July 2024:

  • The median value for Houses in Bankstown is $1,370,296 while the median value for Units is $535,017.
  • Houses have a median rent of $700 while Units have a median rent of $560.
There are currently 67 properties listed for sale, and 36 properties listed for rent in Bankstown on OnTheHouse. According to CoreLogic's data, 850 properties were sold in the past 12 months in Bankstown.

Suburb Insights for Bankstown 2200

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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.