39 The Centre Forestville NSW 2087
Property Details for 39 The Centre, Forestville
39 The Centre, Forestville is a bedroom, bathroom House with 1 parking spaces. The property has a land size of 370m2 and floor size of 340m2. While the property is not currently for sale or for rent, it was last sold in November 2016.
Last Listing description (January 2017)
Colliers International are pleased to present 39 The Centre, Forestville for sale via the Colliers International National Auction Portfolio. This outstanding freehold retail asset offers the astute investor a high quality building in a prime location with an ultra-secure covenant and genuine future growth potential.
Key features include:
Holding prime position in The Centre , Forestville s main retail hub
The Centre is anchored by Coles supermarket and is supported by many national tenants, cafes and specialties
Leased to award-winning Jetts Fitness on a long 7+7+7 lease with attractive terms, gross income of $166,000 per annum, low outgoing costs
Genuine potential for significant rental growth in the future, showing a current discount compared to neighbouring properties
Long term development upside with current zoning allowing for mixed use development incorporating shop top housing
Recent major services upgrades including new roof and air-conditioning system, low future capital expenditure
Major infrastructure projects underway in the immediate area, including construction of the Northern Beaches Hospital
Forestville is a highly sought after residential area, driving retail spending in the precinct
Multiple council cark parks offer visitors ease in shopping
Footsteps to many local amenity and transport to beaches, Chatswood and CBD
For sale by public auction on Wednesday 9th November, commencing at 10:30 am.
For further information on this exciting opportunity please contact exclusive agents.
Property History for 39 The Centre, Forestville, NSW 2087
- 09 Nov 2016Sold for $3,000,000
- 13 Oct 2016Listed for Sale Not Disclosed
- 16 Dec 1988Sold for $795,000
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0About Forestville 2087
The size of Forestville is approximately 4.4 square kilometres. It has 14 parks covering nearly 34.7% of total area. The population of Forestville in 2011 was 7,834 people. By 2016 the population was 8,342 showing a population growth of 6.5% in the area during that time. The predominant age group in Forestville is 40-49 years. Households in Forestville are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Forestville work in a professional occupation. In 2011, 76.5% of the homes in Forestville were owner-occupied compared with 76.2% in 2016.
Forestville has 3,249 properties. Over the last 5 years, Houses in Forestville have seen a 48.21% increase in median value, while Units have seen a 30.75% increase. As at 31 October 2024:
- The median value for Houses in Forestville is $2,299,728 while the median value for Units is $1,324,374.
- Houses have a median rent of $1,080 while Units have a median rent of $725.
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