19 Hume HighwayGreenacre NSW 2190
Property Details for 19 Hume Hwy, Greenacre
Last Listing description (May 2024)
Welcome to an unparalleled development site, strategically positioned at the intersection of Hume Highway and Margaret Street, offering an exceptional opportunity for future development or investment. This prime piece of real estate, encompassing a generous 1,643 sqm (approx.), boasts a corner block configuration, providing the advantage of dual street frontage for heightened exposure and accessibility.
The site's location is nothing short of ideal, enjoying a convenient setting that seamlessly integrates with the local community. Residents and businesses alike will appreciate the ease of access to nearby amenities, transportation options, parks, schools, and retail establishments.
Currently leased out for $180,000 (approx.) net annually with a 3x3x3 lease. Its unique commercial and development potential, subject to council approval, opens up a myriad of possibilities for prospective investors or developers looking to make their mark in this thriving locale.
In summary, this corner block presents an unparalleled opportunity for those seeking a well-located, versatile development site. Its strategic positioning, ample size, and favorable zoning make it a standout choice for investors and developers with a keen eye for future potential. Don't miss your chance to be part of the transformative journey this property has to offer.
Highlights include:
- Located at the intersection of Hume Highway and Margaret Street
- Exceptional future development or investment opportunity
- Corner block – set on 1,643 sqm (approx.)
- Convenient, corner setting with 2 street frontage
- Currently – leased with a return of $180,000 (approx.) net annually
- Tenanted with a 3x3x3 Lease
- Unique commercial & development opportunity (STCA)
- Zoning B1 - Neighbourhood Centre
Agent: Lambros Markessinis 0407 788 777 - Time Realty
Co-Agent: Victor Soo 0411 819 899 - Massive Link Properties
Property History for 19 Hume Hwy, Greenacre, NSW 2190
- 30 May 2024Sold for $4,700,000
- 15 Feb 2024Listed for Sale SOLD | Time Realty
- 23 Nov 2023Sold
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About Greenacre 2190
The size of Greenacre is approximately 7.3 square kilometres. It has 25 parks covering nearly 4.9% of total area. The population of Greenacre in 2011 was 23,212 people. By 2016 the population was 24,365 showing a population growth of 5.0% in the area during that time. The predominant age group in Greenacre is 0-9 years. Households in Greenacre are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenacre work in a professional occupation. In 2011, 66.2% of the homes in Greenacre were owner-occupied compared with 62.8% in 2016.
Greenacre has 9,235 properties. Over the last 5 years, Houses in Greenacre have seen a 68.10% increase in median value, while Units have seen a 34.57% increase. As at 31 October 2024:
- The median value for Houses in Greenacre is $1,424,957 while the median value for Units is $774,411.
- Houses have a median rent of $850 while Units have a median rent of $680.
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