55/972-990 Old Princes HighwayEngadine NSW 2233
Property Details for 55/972-990 Old Princes Hwy, Engadine
Last Listing description (April 2024)
Located at Shop 1/972 Old Princes Hwy Engadine, this versatile north facing shop/cafe is up for auction and ready to become the next hot spot in town! Situated on a perfect corner location, this space offers endless possibilities. Whether you envision it as a bustling cafe, a cozy restaurant, a doctor's office, a real estate agency, or something else entirely, the choice is yours!
Boasting a spacious interior that can accommodate up to 40 patrons, this establishment was built in 2001 and has recently undergone a fabulous refurbishment. The current owner, who has lovingly cared for the shop, is now ready to retire, presenting an excellent opportunity for a new owner to step in and make their mark. With the potential to earn $50,000.00 per annum in rent, this investment promises lucrative returns.
Whether you're an entrepreneur looking for your next venture or an investor seeking a profitable opportunity, this property ticks all the boxes. Don't let this chance slip away - seize the opportunity to turn your business dreams into reality.
Large cool room, grease trap, and a large double side-by-side garage, it's equipped to meet the needs of any business venture. Plus, there are 13 visitor parking spaces available, ensuring convenient access for your customers. Property features include:
* Access to public car park at the rear on Caldarra Avenue
* Aldi, Coles, Woolworths, NSW Service all within walking distance
* Ducted air conditioning. DA for seven days a week & can open to 9pm. Freshly painted. Ideal for window displays.
* 350 metres to Engadine Train Station
* Size internal 93sqm + 33sqm garage, Total 126sqm
* Strata $1,100.00 per quarter
Property History for 55/972-990 Old Princes Hwy, Engadine, NSW 2233
- 23 Apr 2024Sold for $730,000
- 06 Mar 2024Listed for Sale FOR SALE
- 29 Jul 2019Listed for Rent $30,000 / week
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0About 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 7,247 properties. Over the last 5 years, Houses in Engadine have seen a 56.21% increase in median value, while Units have seen a 36.75% increase. As at 31 August 2024:
- The median value for Houses in Engadine is $1,336,756 while the median value for Units is $827,195.
- Houses have a median rent of $800 while Units have a median rent of $600.
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