266 Abercrombie St, Darlington is a 2 bedroom, 1 bathroom Unit. The property has a land size of 108m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Located in the middle of Redfern Station and the University of Sydney, this commercial terrace has enormous potential for either an owner occupier, investor or builder looking to add value (STCA).
Investors will have no issues securing a commercial tenant who will benefit from the enormous foot traffic directly at the front door and the additional income from the residential apartment on the first floor.
For owner occupiers, this is a rare chance to secure a freehold asset in one the most tightly held pockets of the Inner West / City Fringe. Locate your business on the ground floor and benefit from everything the location has to offer and either utilise the first floor for the business, as your residence, or generate a second income from the building.
Immediately add value through re-configuring and adding services to the retail component, cosmetic improvements to the residential, but most of all maximise the asset by capitalising any underutilised planning controls (STCA).
- Land area 108sqm*
- Floor area 140sqm*
- HOB 9m
- B1 Neighbourhood Centre
- Corner position
*Figures are approximate
The size of Darlington is approximately 0.4 square kilometres. It has 1 park covering nearly 0.8% of total area. The population of Darlington in 2011 was 2,244 people. By 2016 the population was 3,101 showing a population growth of 38.2% in the area during that time. The predominant age group in Darlington is 20-29 years. Households in Darlington are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Darlington work in a professional occupation. In 2011, 38.3% of the homes in Darlington were owner-occupied compared with 25.2% in 2016.
Darlington has 1,388 properties. Over the last 5 years, Houses in Darlington have seen a 52.08% increase in median value, while Units have seen a 38.69% increase. As at 31 August 2024:
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