168 Burwood RoadBurwood NSW 2134
Property Details for 168 Burwood Rd, Burwood
Last Listing description (November 2024)
Welcome to 168 Burwood Road, the most iconic corner in Burwood CBD currently home to Westpac.
The property offers the market an exceptional opportunity to secure a freehold building with significant development upside within one of Sydney's fastest growing locales.
Perfect for investors seeking a strong performing asset underpinned by its irreplaceable location, businesses aiming to make a statement, as well as developers seeking significant redevelopment opportunities. 168 Burwood Road is an opportunity not to be missed.
Additional Highlights of the Property:
• Substantial building area of 770sqm*
• Total land area of 477.7sqm*
• Currently leased to Westpac generating an net annual income of $437,090.80 + GST
• Landmark corner site with three (3) street frontages
• Four (4) on-site parking spaces with rear lane access
• Zoned MU1 Mixed Use (previously B4 Mixed Use)
• Significant underlying development potential with 6:1 FSR and 70m height limit
• Excellent exposure with unmatched pedestrian flow in one of Sydney's tightliest held markets
• Located on the station in the absolute heart of Burwood CBD
• Substantial future upside through rental reversion, conversion or redevelopment (STCA)
The property is now offered for sale via Public Auction to be held on-site on Wednesday 20 November 2024 at 10:30 am.
Property History for 168 Burwood Rd, Burwood, NSW 2134
- 19 Nov 2024Sold
- 20 Oct 2024Listed for Sale ONSITE AUCTION
- 17 Apr 2024Sold for $11,500,000
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About Burwood 2134
The size of Burwood is approximately 2.5 square kilometres. It has 7 parks covering nearly 3.9% of total area. The population of Burwood in 2011 was 12,466 people. By 2016 the population was 16,011 showing a population growth of 28.4% in the area during that time. The predominant age group in Burwood is 20-29 years. Households in Burwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Burwood work in a professional occupation. In 2011, 50.3% of the homes in Burwood were owner-occupied compared with 42.1% in 2016.
Burwood has 10,064 properties. Over the last 5 years, Houses in Burwood have seen a 54.24% increase in median value, while Units have seen a 17.33% increase. As at 31 October 2024:
- The median value for Houses in Burwood is $2,797,892 while the median value for Units is $940,277.
- Houses have a median rent of $835 while Units have a median rent of $773.
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