OFF MARKET

2/401-407 New South Head Road
Double Bay NSW 2028

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 2/401-407 New South Head Rd, Double Bay

Building Type
Commercial
Local Government
Woollahra

Last Listing description (February 2024)

Ray White Commercial Eastern Suburbs is pleased to present Suite 2, 401 - 407 New South Head Road, Double Bay for sale by Public Auction.

Situated on the first floor of the popular Royal Arcade, this boutique office suite is perfect for owner occupiers or investors.

Property Highlights

Approx. 43m2
Dual street access from both New South Head Road and Kiaora Lane
Currently configured into two offices, reception + bathroom
Outstanding location in the heart of Double Bay, with Woolworths Supermarket, Major Banks, Post Office + Council Library within walking distance

Auction Details

Date: Thursday 29th February, 2024 @ 6pm
Location: Ray White Double Bay Auction Room
Address: 356 New South Head Rd, Double Bay

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Property History for 2/401-407 New South Head Rd, Double Bay, NSW 2028

A timeline of how this property has performed in the market
  • 05 Feb 2024
    Listed for Sale Auction

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About Double Bay 2028

The size of Double Bay is approximately 0.8 square kilometres. It has 6 parks covering nearly 10% of total area. The population of Double Bay in 2011 was 4,686 people. By 2016 the population was 4,647 showing a population decline of 0.8% in the area during that time. The predominant age group in Double Bay is 30-39 years. Households in Double Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Double Bay work in a professional occupation. In 2011, 55.2% of the homes in Double Bay were owner-occupied compared with 54.9% in 2016.

Double Bay has 3,723 properties. Over the last 5 years, Houses in Double Bay have seen a 71.50% increase in median value, while Units have seen a 33.96% increase. As at 31 July 2024:

  • The median value for Houses in Double Bay is $6,588,966 while the median value for Units is $1,693,487.
  • Houses have a median rent of $2,000 while Units have a median rent of $980.
There are currently 22 properties listed for sale, and 24 properties listed for rent in Double bay on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Double bay.

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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.