97 Middle StreetKingsford NSW 2032
Property Details for 97 Middle St, Kingsford
Last Listing description (August 2021)
Karbon Property are pleased to offer 97 Middle Street, Kingsford to the market for Sale via Expressions of Interest.
Set on 699 sqm of land, this freehold block consists of 11 x studio apartments and 1 x 1 bedroom apartment.
With all units leased except for one studio and a current gross return of $214,000 p.a, the opportunity offers scope for improvements or redevelopment (STCA).
97 Middle Street, Kingsford is located 700m from the Kingsford retail and commercial Centre and less than 1km to the University of NSW and the Prince of Wales Hospital. It is only 2.5km to Coogee Beach, and 7km to the Sydney CBD. The Kingsford Light Rail station is conveniently located just a 10-minute walk away
Key highlights of this opportunity include
- 11 x studios and 1 x 1 bedroom apartment
- Gross rental income of $214,000 per annum
- 699 sqm land area
- Off street parking for up to 8 cars
- Recent upgrades throughout
- Opportunity to build additional units or completely redevelop (STCA)
- R3 Medium Density Residential Zoning
- 0.75:1 FSR / 9.5m height limit
97 Middle Street, Kingsford is to be sold via Private treaty.
For further information or to obtain a copy of the Information Memorandum, please contact the exclusive Agents below.
Property History for 97 Middle St, Kingsford, NSW 2032
- 30 Apr 2021Listed for Sale Contact Agent
- 26 Aug 2020Listed for Rent - Price not available
- 13 May 2020Listed for Rent - Price not available
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About Kingsford 2032
The size of Kingsford is approximately 2 square kilometres. It has 9 parks covering nearly 0.5% of total area. The population of Kingsford in 2011 was 14,100 people. By 2016 the population was 15,474 showing a population growth of 9.7% in the area during that time. The predominant age group in Kingsford is 20-29 years. Households in Kingsford are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kingsford work in a professional occupation. In 2011, 49.2% of the homes in Kingsford were owner-occupied compared with 43% in 2016.
Kingsford has 6,863 properties. Over the last 5 years, Houses in Kingsford have seen a 41.34% increase in median value, while Units have seen a 14.63% increase. As at 30 November 2024:
- The median value for Houses in Kingsford is $2,708,448 while the median value for Units is $960,265.
- Houses have a median rent of $950 while Units have a median rent of $750.
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