SOLD
Sold on 24 Nov 2023 for $39,250,000

25-27 Richland Street
Kingsgrove NSW 2208

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 7340m2
Land area: 13810m2
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Property Details for 25-27 Richland St, Kingsgrove

Building Type
Commercial
Floor Size
7340m2
Land Size
13810m2
Local Government
Canterbury-Bankstown
Lot/Plan
1/DP1154838

Last Listing description (January 2009)

LARGE FREESTANDING BUILDING - KINGSROVE
THE PROPERTY IS LOCATED ON THE WESTERN SIDE OF RICHLAND STREET WITHIN THE ESTABLISHED INDUSTRIAL AREA OF KINGSGROVE. THE SITE IS APPROXIMATELY 14KM SOUTH WEST OF THE CBD AND SOON TO THE M5 MOTORWAY. THE PROPERTY FALLS WITHIN THE COUNCIL OF CANTERBURY.
A FUNCTIONAL OLDER STYLE WAREHOUSE WITH GOOD CLEARANCE AND REAR YARD AREA THAT ALLOWS FOR OUTDOOR STORAGE. THE OFFICE ACCOMMODATION HAS EXCELLENT NATURAL LIGHT AND IS AIR CONDITIONED. THE PROPERTY HAS THE ABILITY TO BE SPLIT INTO 2 SEPARATE AREAS

ALLOWING THE PURCHASER TO LEASE PART OF THE BUILDING WHILST AT THE SAME TIME HAVING AN ALLOWANCE FOR FUTURE GROWTH.

Property History for 25-27 Richland St, Kingsgrove, NSW 2208

A timeline of how this property has performed in the market
Last Sold
$39,250,000
24 Nov 2023
  • 24 Nov 2023
    Sold for $39,250,000
  • 05 Nov 2010
    Sold for $5,775,000
  • 16 Oct 2008
    Listed for Sale 9200000
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About Kingsgrove 2208

The size of Kingsgrove is approximately 4.5 square kilometres. It has 22 parks covering nearly 7.6% of total area. The population of Kingsgrove in 2011 was 11,515 people. By 2016 the population was 12,433 showing a population growth of 8.0% in the area during that time. The predominant age group in Kingsgrove is 40-49 years. Households in Kingsgrove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingsgrove work in a professional occupation. In 2011, 73.5% of the homes in Kingsgrove were owner-occupied compared with 71.8% in 2016.

Kingsgrove has 6,024 properties. Over the last 5 years, Houses in Kingsgrove have seen a 64.69% increase in median value, while Units have seen a 19.18% increase. As at 31 October 2024:

  • The median value for Houses in Kingsgrove is $1,802,994 while the median value for Units is $764,861.
  • Houses have a median rent of $890 while Units have a median rent of $600.
There are currently 21 properties listed for sale, and 23 properties listed for rent in Kingsgrove on OnTheHouse. According to CoreLogic's data, 199 properties were sold in the past 12 months in Kingsgrove.

Suburb Insights for Kingsgrove 2208

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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.