SOLD
Sold on 19 Jan 2024 for $825,000

1/332-346 Military Road
Cremorne NSW 2090

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 48m2
Land area: 1275m2
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Property Details for 1/332-346 Military Rd, Cremorne

1/332-346 Military Rd, Cremorne is a 0 bedroom, 0 bathroom Unit. The property has a land size of 1275m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 0 bedroom Unit sold in Cremorne in the last 12 months.

Building Type
Unit
Floor Size
48m2
Land Size
1275m2
Local Government
North Sydney
Lot/Plan
1/SP30621

Last Listing description (January 2024)

Retail opportunity located at 1/332-346 Military Road, Cremorne. The property is being offered for sale by Private Treaty and presents an attractive opportunity for owner-occupiers or investors. Here are the key details:

High Exposure: The property enjoys a high level of exposure to Military Road, a prominent thoroughfare in Cremorne. This offers excellent visibility and the potential to attract a significant amount of passing foot and vehicle traffic.

Lettable Area: The retail space has a lettable area of approximately 48 sqm*. This provides ample room for various retail or commercial uses.

Vacant Possession: The property will be sold with vacant possession, providing flexibility for the buyer to occupy the space or lease it out to a new tenant.

Front and Rear Access: The property features both front and rear access, allowing for convenient entry and exit.

Current Use: The space is currently operating as a dry cleaner outlet. However, it can easily be adapted to suit different business types or converted for alternative uses.

Prime Location: Situated in the heart of Cremorne's bustling village precinct, known as Cremorne Plaza, the property benefits from its central position. It is surrounded by iconic and long-standing retailers, including McDonald's, Sushi Train, Cremorne Orpheum Cinema, Fanuli Furniture, and North Shore BMW. This vibrant location offers a strong customer base and a thriving commercial environment.

This retail opportunity in Cremorne Plaza presents an attractive investment prospect or a chance for owner-occupiers to establish a presence in a prime location with high exposure and proximity to well-established retailers. For more detailed information or to arrange a viewing, please contact Patrick 0417 388 621.

Disclaimer: Whilst every effort has been made to ensure the accuracy of the information provided by our vendors, Patrick Cowie Real Estate makes no statement, representation or warranty and assumes no legal liability in relation to the accuracy of the information provided. Prospective tenants are advised to carry out their own due diligence and investigations.

Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website or the information about the property contained on the Website.

Property Code: 334

Property History for 1/332-346 Military Rd, Cremorne, NSW 2090

A timeline of how this property has performed in the market
Last Sold
$825,000
19 Jan 2024
  • 19 Jan 2024
    Sold for $825,000
  • 10 Jul 2023
    Listed for Sale Contact Agent
  • 13 Oct 2022
    Listed for Sale Contact Agent
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About Cremorne 2090

The size of Cremorne is approximately 1.6 square kilometres. It has 15 parks covering nearly 11.8% of total area. The population of Cremorne in 2011 was 11,049 people. By 2016 the population was 11,220 showing a population growth of 1.5% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation. In 2011, 53.9% of the homes in Cremorne were owner-occupied compared with 53.6% in 2016.

Cremorne has 6,710 properties. Over the last 5 years, Houses in Cremorne have seen a 34.64% increase in median value, while Units have seen a 32.50% increase. As at 30 September 2024:

  • The median value for Houses in Cremorne is $3,727,124 while the median value for Units is $1,406,688.
  • Houses have a median rent of $1,050 while Units have a median rent of $775.
There are currently 19 properties listed for sale, and 29 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 300 properties were sold in the past 12 months in Cremorne.

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John Grooms
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Patrick Cowie
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Patrick Cowie Real Estate
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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.