SOLD
RECENT ADVICE
Sold on 12 Dec 2024 for $6,500,000

72 Victoria Street
Kingswood NSW 2747

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 95m2
Land area: 836m2
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Property Details for 72 Victoria St, Kingswood

Building Type
Commercial
Year Built
1975
Floor Size
95m2
Land Size
836m2
Local Government
Penrith
Lot/Plan
1/DP558629

Last Listing description (December 2024)

Raine&Horne St Marys is pleased to offer to the market 72 - 84 Victoria Street, Werrington for sale by way of Expressions of Interest campaign, closing 4.00pm Thursday 3rd October, 2024.
This is an opportunity to acquire an established single level neighbourhood shopping centre.
Generating a substantial gross income of approximately $397,000.00 GST inclusive per annum.

This diversified investment comprises 13 tenancies catering to a wide range of consumer needs.
Situated on a prominent road with high exposure, the property is directly opposite Werrington Railway Station and bus interchange.

• Suitable for investors and developers
• Ideal location opposite Werrington Station with high vehicle and pedestrian traffic
• 100% leased
• Gross income of $397,871.76* per annum
• Council car parking area behind complex
• Zoning E1: Local Centre
• Potential development with 15m height limit

*Approximately

For Sale by way of Expressions of Interest (EOI) closing 4.00pm on Thursday 3rd October, 2024

Inspection by appointment: John Killen 0415 912 785

*** All information contained herein is gathered from reliable sources, however we cannot guarantee its accuracy, and all persons should rely on their own enquiries. Distances & amounts are approximate ***

Property History for 72 Victoria St, Kingswood, NSW 2747

A timeline of how this property has performed in the market
Last Sold
$6,500,000
12 Dec 2024
Listed for Rent
$350/w
04 Mar 2024
  • 12 Dec 2024
    Sold for $6,500,000
  • 22 Aug 2024
    Listed for Sale Expressions Of Interest
  • 04 Mar 2024
    Listed for Rent $350 / week
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About Kingswood 2747

The size of Kingswood is approximately 5.3 square kilometres. It has 22 parks covering nearly 10.3% of total area. The population of Kingswood in 2011 was 9,107 people. By 2016 the population was 9,288 showing a population growth of 2.0% in the area during that time. The predominant age group in Kingswood is 20-29 years. Households in Kingswood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingswood work in a professional occupation. In 2011, 51.4% of the homes in Kingswood were owner-occupied compared with 44.9% in 2016.

Kingswood has 5,458 properties. Over the last 5 years, Houses in Kingswood have seen a 58.51% increase in median value, while Units have seen a 34.83% increase. As at 30 November 2024:

  • The median value for Houses in Kingswood is $976,035 while the median value for Units is $573,685.
  • Houses have a median rent of $550 while Units have a median rent of $470.
There are currently 39 properties listed for sale, and 29 properties listed for rent in Kingswood on OnTheHouse. According to CoreLogic's data, 270 properties were sold in the past 12 months in Kingswood.

Suburb Insights for Kingswood 2747

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Raine & Horne St Marys
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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.