413-417 New South Head RoadDouble Bay NSW 2028
Property Details for 413-417 New South Head Rd, Double Bay
Last Listing description (September 2023)
Offered to the market for the first time, known as 'Roma Arcade'. CBRE as exclusive listing agents are pleased to present 413-417 New South Head Road, Double Bay. The property represents a trophy investment in Sydney's prestigious harbourside suburb Double Bay, with additional development upside.
413-417 New South Head Road, Double Bay benefits from the following key attributes:
- Double Bay Trophy Investment with dual frontage to New South Head Road and Kiaora Lane
- 1,400sqm of floor area positioned on a generous 640sqm* land holding with over 22m* of combined frontage
- Flexible E1 Local Centre planning controls with 2.5 : 1 FSR and 18.1m height limit
- Diversified income stream across 27 retail and office suites
- Significant rental reversion and letting up opportunities
- Ability for mixed use development utilising the 18.1m height limit (STCA)
- Situated in the heart of a bustling retail strip adjoining Kiaora Laneway retail precinct and the Golden Sheaf, located in the prestigious high net worth demographic suburb of Double Bay with a median house price of $5.45M*
413-417 New South Head Road, Double Bayis for sale viaPrivate Negotiation
For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.
Approximate*
Property History for 413-417 New South Head Rd, Double Bay, NSW 2028
- 12 Feb 2024Sold for $20,500,000
- 27 Jul 2023Listed for Sale Contact Agent
- 27 Aug 2019Listed for Rent - Price not available
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0About 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 3,674 properties. Over the last 5 years, Houses in Double Bay have seen a 58.78% increase in median value, while Units have seen a 27.37% increase. As at 31 October 2024:
- The median value for Houses in Double Bay is $6,626,767 while the median value for Units is $1,749,133.
- Houses have a median rent of $1,250 while Units have a median rent of $990.
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