OFF MARKET

601-605 Great Western Highway
Greystanes NSW 2145

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5584m2
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Property Details for 601-605 Great Western Hwy, Greystanes

Building Type
Commercial
Land Size
5584m2
Local Government
Cumberland
Lot/Plan
11/DP1233454

Last Listing description (March 2023)

McDonald's Australia: 20 years + 2 x 10 year options
7-Eleven Stores: 15 years + 4 x 5 year options
Harry's Caf de Wheels: 8 years + 5 year option

Favourable net lease structure
Strong 3% annual rental increases
Weighted Average Lease Expiry (WALE) by income: 14.5 years*
Substantial depreciation allowances
Fully leased net passing income of $704,147.28 pa* + GST

Bawdens ID: 40657

Property History for 601-605 Great Western Hwy, Greystanes, NSW 2145

A timeline of how this property has performed in the market
Last Sold
$4,500,000
26 Jul 2018
  • 29 Jun 2022
    Listed for Sale Expressions of Interest Closing 28 July 2022
  • 26 Jul 2018
    Sold for $4,500,000
  • 10 Aug 2017
    Listed for Sale EOI - Closing 21st Sept 2017 @ 4:00pm

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About Greystanes 2145

The size of Greystanes is approximately 8.9 square kilometres. It has 54 parks covering nearly 21.8% of total area. The population of Greystanes in 2011 was 21,702 people. By 2016 the population was 22,785 showing a population growth of 5.0% in the area during that time. The predominant age group in Greystanes is 0-9 years. Households in Greystanes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greystanes work in a clerical occupation. In 2011, 81.1% of the homes in Greystanes were owner-occupied compared with 79.4% in 2016.

Greystanes has 8,405 properties. Over the last 5 years, Houses in Greystanes have seen a 69.53% increase in median value, while Units have seen a 25.63% increase. As at 30 November 2024:

  • The median value for Houses in Greystanes is $1,341,021 while the median value for Units is $732,975.
  • Houses have a median rent of $745 while Units have a median rent of $590.
There are currently 26 properties listed for sale, and 26 properties listed for rent in Greystanes on OnTheHouse. According to CoreLogic's data, 356 properties were sold in the past 12 months in Greystanes.

Suburb Insights for Greystanes 2145

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.