LEVEL/82 Alexander StreetCrows Nest NSW 2065
Property Details for Level/82 Alexander St, Crows Nest
Last Listing description (March 2024)
Ray White Commercial and Colliers are pleased to present For Sale "88", a prestigious mixed use development site DA approved for 25 luxury residences set to cater to the downsizing owner occupier market.
Conveniently situated in the heart of Crows Nest's cosmopolitan village, only 250m* from the soon-to-open Metro Station, this rare de-risked offering will undoubtedly be hotly contested.
Additional highlights of the site include:
3,673 sqm* total approved Net Saleable Area
1,262 sqm* rectangular site
Favourable unit mix caters to downsizing owner occupiers
Dual 34m* frontages with rear lane access
Ideal short WALE and holding income
250m from the Metro Station
Surrounded by an abundance of superior retail, medical and lifestyle amenity
Land-constrained market underpinned by a chronic undersupply of luxury apartments in the region and supported by strong fundamentals
The property is offered for sale via Expressions of Interest closing 18 October 2023 at 3pm (AEDT).
For further information and/or to arrange a private inspection, please contact the exclusive selling agents.
In conjunction with Colliers and Ray White Commercial.
*Approx.
Property History for Level/82 Alexander St, Crows Nest, NSW 2065
- 16 Jan 2024Sold for $6,000,000
- 14 Sep 2023Listed for Sale Expressions of Interest
- 15 Nov 2007Sold for $1,760,000
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About Crows Nest 2065
The size of Crows Nest is approximately 0.8 square kilometres. It has 4 parks covering nearly 3% of total area. The population of Crows Nest in 2011 was 4,048 people. By 2016 the population was 4,814 showing a population growth of 18.9% in the area during that time. The predominant age group in Crows Nest is 30-39 years. Households in Crows Nest are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Crows Nest work in a professional occupation. In 2011, 50.9% of the homes in Crows Nest were owner-occupied compared with 46.1% in 2016.
Crows Nest has 4,055 properties. Over the last 5 years, Houses in Crows Nest have seen a 29.81% increase in median value, while Units have seen a 19.45% increase. As at 31 October 2024:
- The median value for Houses in Crows Nest is $2,637,583 while the median value for Units is $1,115,726.
- Houses have a median rent of $925 while Units have a median rent of $678.
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