SOLD
Sold on 05 Mar 2024 for $2,800,000

302 Kingsgrove Road
Kingsgrove NSW 2208

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 247m2
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Property Details for 302 Kingsgrove Rd, Kingsgrove

Building Type
Commercial
Land Size
247m2
Local Government
Bayside
Lot/Plan
A/DP31523

Last Listing description (July 2024)

Perfectly situated in the heart of Kingsgrove business hub with high exposure to daily pedestrian and vehicular traffic, this prominent two level building has been trading as a successful and established Chinese Restaurant for many years and now offers the astute buyers to either capitalise on the existing restaurant setup business or those seeking an trophy freehold investment with future development upside STCA.

Features:

* Approx. land size 246.6m2

* Upstairs consists of a large open plan area and roof storage
* Rear lane access provides for easy unloading

Rarely offered to the market with generous projected rental in this tightly held suburb. Do not miss out on this once in a lifetime opportunity.

Property History for 302 Kingsgrove Rd, Kingsgrove, NSW 2208

A timeline of how this property has performed in the market
Last Sold
$2,800,000
05 Mar 2024
  • 05 Mar 2024
    Sold for $2,800,000
  • 25 Sep 2023
    Listed for Sale Contact Agent
  • 15 Sep 2005
    Sold for $810,000
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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 6,039 properties. Over the last 5 years, Houses in Kingsgrove have seen a 74.20% increase in median value, while Units have seen a 17.54% increase. As at 31 August 2024:

  • The median value for Houses in Kingsgrove is $1,795,930 while the median value for Units is $746,224.
  • Houses have a median rent of $850 while Units have a median rent of $600.
There are currently 23 properties listed for sale, and 21 properties listed for rent in Kingsgrove on OnTheHouse. According to CoreLogic's data, 212 properties were sold in the past 12 months in Kingsgrove.

Suburb Insights for Kingsgrove 2208

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Show contact details
Colemon Property Group Pty Ltd
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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.