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

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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 7,246 properties. Over the last 5 years, Houses in Engadine have seen a 52.45% increase in median value, while Units have seen a 37.64% increase. As at 30 September 2024:

  • The median value for Houses in Engadine is $1,339,988 while the median value for Units is $831,620.
  • Houses have a median rent of $850 while Units have a median rent of $600.
There are currently 22 properties listed for sale, and 6 properties listed for rent in Engadine on OnTheHouse. According to CoreLogic's data, 315 properties were sold in the past 12 months in Engadine.

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