377-383 New South Head RoadDouble Bay NSW 2028
Property Details for 377-383 New South Head Rd, Double Bay
Last Listing description (October 2024)
• Diverse & multiple income streams
• Lettable Area of 1,529 m²*
• Modern five storey commercial building
On behalf of KordaMentha as Receivers and Managers, Colliers and Ray White Commercial offer this modern, five storey commercial building, representing one of the largest commercial assets in Double Bay.
Undoubtedly one of Double Bay's most significant buildings, 377-383 New South Head Road provides multiple income streams from a diverse mix of retail & commercial tenancies presenting flexibility for investors or owner occupiers.
377-383 New South Head Road, Double Bay attributes include:
• Substantial modern five storey commercial building with impressive frontage to New South Head Road & Kiaora Lane
• Diverse and multiple income streams
• Land Area 588.1 m²*
• Lettable Area of 1,529.5 m²*
• Net Annual Rental of $928,213 per annum*
• Established tenant profile including BeFit Training & Physiotherapy, Universal Health & @Workspaces
• Valuable pedestrian arcade link between busy New South Head Road to Kiaora Place and Kiaora Lane
• Public parking for over 400 cars only metres away
• Exceptional exposure to over 65,000 passing cars each day
• Perfectly positioned on the main artery connecting the Eastern Suburbs through to Sydney's CBD
• Capitalise on one of the most dynamic and exciting commercial hubs in Australia.
Colliers International & Ray White Commercial Eastern Suburbs exclusively offer 377-383 New South Head Road, Double Bay for sale by way of Public Auction on Tuesday, 15 October 2024 at 5pm (AEDT) at Homely Auction House, Level 1, 29-33 Bay Street, Double Bay
For further details, please contact Grant Whiteman of Ray White Commercial or Miron Solomons or Matt Pontey of Colliers International.
Property History for 377-383 New South Head Rd, Double Bay, NSW 2028
- 15 Oct 2024Sold for $25,500,000
- 09 Sep 2024Listed for Sale Auction
- 09 Oct 2023Listed for Rent - Price not available
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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 3,706 properties. Over the last 5 years, Houses in Double Bay have seen a 28.47% increase in median value, while Units have seen a 24.47% increase. As at 31 January 2025:
- The median value for Houses in Double Bay is $5,895,394 while the median value for Units is $1,721,301.
- Houses have a median rent of $1,250 while Units have a median rent of $995.
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