SOLD
RECENT ADVICE
Sold on 15 Jun 2024 for $8,600,000

173-175 Burwood Road
Burwood NSW 2134

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 449m2
Sold By
Strathfield Partners Real Estate
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Property Details for 173-175 Burwood Rd, Burwood

Building Type
Commercial
Land Size
449m2
Local Government
Burwood
Lot/Plan
1/DP84839

Last Listing description (June 2024)

Strathfield Partners presents an excellent opportunity to purchase a fully tenanted building comprising of two ground floor retail shops and two first floor office spaces with rear access.

Superbly located to maximise high exposure, this two-level commercial building on 449m Approx. of land provides an outstanding opportunity for investors, occupiers and developers. Situated in a superior location in the heart of Burwood, on the doorstep of Burwood train station, Burwood Westfield and Burwood Plaza.

* Land Area 449m Approx.

* Two retail shops, fully leased to long term tenants
* Ground floor retail, first floor offices
* Rear access via Belmore Street
* Prime investment with development upside (STCA)
* Two Titles
* Height Limit 30m
* Gross income of $305,715.96 incl GST p.a.
* FSR 3:1
* Zone B4 Mixed Use

Ideally positioned in close proximity to bus stops, train stations as well as major arterial roads including Parramatta Road, Hume Highway and the M4 motorway.

Disclaimer: We have in preparing this document, used our best endeavours to ensure that all the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained in this document.

Property History for 173-175 Burwood Rd, Burwood, NSW 2134

A timeline of how this property has performed in the market
Last Sold
$8,600,000
15 Jun 2024
Listed for Rent
$162k/w
10 Oct 2023
  • 15 Jun 2024
    Sold for $8,600,000
  • 17 May 2024
    Listed for Sale SOLD AT AUCTION $6,600,000
  • 09 Oct 2023
    Listed for Rent - Price not available
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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 10,124 properties. Over the last 5 years, Houses in Burwood have seen a 82.72% increase in median value, while Units have seen a 15.59% increase. As at 31 July 2024:

  • The median value for Houses in Burwood is $2,993,700 while the median value for Units is $897,590.
  • Houses have a median rent of $920 while Units have a median rent of $750.
There are currently 78 properties listed for sale, and 90 properties listed for rent in Burwood on OnTheHouse. According to CoreLogic's data, 385 properties were sold in the past 12 months in Burwood.

Suburb Insights for Burwood 2134

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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.