SOLD
Sold on 05 Jul 2024 for $250,000

11/1008-1010 Old Princes Highway
Engadine NSW 2233

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 45m2
Land area: 909m2
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Property Details for 11/1008-1010 Old Princes Hwy, Engadine

Building Type
Commercial
Year Built
2000
Floor Size
45m2
Land Size
909m2
Local Government
Sutherland
Lot/Plan
11/SP22767

Last Listing description (August 2024)

Risk-Free Investment Opportunity in the form of an Office Suite located in the medical hub of Engadine.

This suite is perfectly suited for a myriad of professional pursuits, including medical practices, consultants, therapists, legal firms, or small businesses. Whether you are an established business looking to expand, an investor seeking a lucrative opportunity, or a start-up setting its foundation, this office suite is designed to cater to a wide array of professional requirements. Key Features include:

* Strategically positioned on the first floor

* Office suite equipped with large windows, ideal for window displays
* Spacious kitchen and substantial storage area
* Ducted and reverse cycle air conditioning
* Common car spaces at the rear
* Currently tenanted at $250.00 per week (expired lease). The tenant is open to a rent increase and would prefer to continue the tenancy
* Potential rent could be as high as $350.00 per week

Location Advantages:

* Public car park on Caldarra Avenue
* Proximity to Aldi, Coles, Woolworths, and NSW Service - all within walking distance
* Easy access to public transport and local amenities
* Just 350 metres to Engadine Train Station
* Close to Moran Aged Care
* Price guide: $265,000-$290,000
* Internal Size: 45sqm
* Strata: $636.00 per quarter

Whether you are an entrepreneur ready to embark on your next venture or an investor in search of a profitable opportunity, this property checks all the boxes. Don't let this opportunity pass you by - seize the chance to turn your business aspirations into reality.

Strata report available on request

Contact Lisa Sherry 0403 558 001

Property History for 11/1008-1010 Old Princes Hwy, Engadine, NSW 2233

A timeline of how this property has performed in the market
Last Sold
$250,000
05 Jul 2024
Listed for Rent
$299/w
29 Oct 2013
  • 05 Jul 2024
    Sold for $250,000
  • 28 May 2024
    Listed for Sale FOR SALE
  • 27 May 2019
    Sold for $115,000
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About Engadine 2233

The size of Engadine is approximately 9.5 square kilometres. It has 32 parks covering nearly 8.3% of total area. The population of Engadine in 2011 was 16,867 people. By 2016 the population was 17,387 showing a population growth of 3.1% in the area during that time. The predominant age group in Engadine is 0-9 years. Households in Engadine are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Engadine work in a professional occupation. In 2011, 84.8% of the homes in Engadine were owner-occupied compared with 85.1% in 2016.

Engadine has 7,244 properties. Over the last 5 years, Houses in Engadine have seen a 48.21% increase in median value, while Units have seen a 32.99% increase. As at 31 October 2024:

  • The median value for Houses in Engadine is $1,325,518 while the median value for Units is $818,611.
  • Houses have a median rent of $838 while Units have a median rent of $610.
There are currently 25 properties listed for sale, and 7 properties listed for rent in Engadine on OnTheHouse. According to CoreLogic's data, 308 properties were sold in the past 12 months in Engadine.

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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.