SOLD
Sold on 26 Feb 2024 for $3,900,000

61 Kingsway
Kingsgrove NSW 2208

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 678m2
Land area: 681m2
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Property Details for 61 Kingsway, Kingsgrove

Building Type
Commercial
Floor Size
678m2
Land Size
681m2
Local Government
Georges River
Lot/Plan
31/3/DP11417

Last Listing description (May 2024)

-Total Building Area over 2 levels 651 sqm (approx.)
-Ample rear on site parking
-Flexible E1 Local Centre Zoning

Ray White Hurstville are pleased to offer to the market 61 - 65 Kingsway, Kingsgrove. This is a rare opportunity to acquire a freestanding two (2) level office building and is ideal for the owner occupier, astute investor or developer.

Key features include:
-Total Building Area 651sqm (approx.) over 2 levels
-Land area 680sqm (approx.)
-Provision for prominent external signage
-High quality fit out including air conditioning, several partitioned offices, boardroom, meeting rooms plus spacious open plan office area.
-Two (2) separate entrances off Kingsway
-Spacious eat in kitchen / lunch room with dishwasher, storage cup boards
-Separate male / female amenities on each level
-Separate storage rooms
-Ten (10) rear on site car spaces + three (3) lockup garages
-Flexible "E1 Local Centre" zoning allowing general offices, medical uses, childcare and possible future residential development (Subject to Council Approval)
-FSR 1.5:1
-Nine (9) metre height limit
-Added benefit of adjoining council car park
-Opportunity for lease back
-Strategically located with easy access to Hurstville and Beverly Hills Shopping Centre
-Only 1 kilometre (approx.) to Beverly Hills Station
-Conveniently located close proximity to main arterial Roads - Stoney Creek Road, King Georges Road and m5 entry/exit ramps
-Can be sold with adjoining property 59 Kingsway, Kingsgrove with following features -
-Land Area: 227 sqm (approx.)
-Single level retail / commercial premises with rear on site parking.
(Total land area of 59, 61, 65 Kingsway, Kingsgrove 908 sqm (approx.)
-Unique opportunity not to be missed!

Property History for 61 Kingsway, Kingsgrove, NSW 2208

A timeline of how this property has performed in the market
Last Sold
$3,900,000
26 Feb 2024
  • 26 Feb 2024
    Sold for $3,900,000
  • 13 Sep 2023
    Listed for Sale Price Upon Application
  • 11 Apr 2023
    Listed for Sale Please contact agent
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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.