18/194 Pacific Hwy, Greenwich is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 2436m2 and floor size of 27m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Delivering a guaranteed return of $20,250 per annum with no vacancy or outgoings, this sundrenched first floor hotel studio is a solid performer within any property investment portfolio. Holding a long-term lease until July 2027 with 10 year renewal option, capitalise on both the financial security and central location of Hotel Urban.
Transformed by a designer renovation, the studio's interior has been appointed with sophisticated furniture choices and quality fixtures. Spanning 27sqm, a balcony delights in the natural beauty of local leafy vistas and is complemented by the neutral colour palette internally.
Boasting a 4.5 star rating, Hotel Urban is positioned for business and lifestyle. Footsteps to Royal North Shore Hospital and North Shore Private Hospital, there is express access into the city centre by passing bus transport.
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The size of Greenwich is approximately 1.6 square kilometres. It has 17 parks covering nearly 20.3% of total area. The population of Greenwich in 2011 was 5,178 people. By 2016 the population was 5,614 showing a population growth of 8.4% in the area during that time. The predominant age group in Greenwich is 30-39 years. Households in Greenwich are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Greenwich work in a professional occupation. In 2011, 66.8% of the homes in Greenwich were owner-occupied compared with 65.8% in 2016.
Greenwich has 2,771 properties. Over the last 5 years, Houses in Greenwich have seen a 61.14% increase in median value, while Units have seen a -15.66% decrease. As at 31 October 2024:
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