57 Regent StreetKogarah NSW 2217
Property Details for 57 Regent St, Kogarah
Last Listing description (December 2023)
Raine & Horne Commercial Parramatta is pleased to present this Whole Block of Four Units to the market for sale via Auction.
This property is a two-level, full brick constructed residential block of units on One (1) Title comprising 2x2 bedroom and 2x1 bedroom apartments. Prominently positioned on a high profile corner of Regent and Gladstone Streets & boasting two street frontages, the property is within close proximity to the St George Health Precinct, Private & Public schools (700m*) and the Illawarra Train Line (Kogarah Railway station (325m*).
This is an ideal opportunity for the astute investor wanting a steady and passive income stream or developer looking to strategically landbank.
PROPERTY HIGHLIGHTS:
• Land Area: 313 sqm*
• Unit Mix: 2 x 2 Bedroom & 2 x 1 Bedroom Units
• One (1) Title
• Projected Gross passing income $98,800 per annum (as of Dec 2023)
• Zoning: R4 High Density
• FSR: 4:1
• HOB: 33m*
• Secure passive investment with future development upside
• Walking distance to an abundance of recreational, retail, medical and educational facilities
Construction of St George Hospital Stage 3 costing $411million commenced in June 2023
There is also an opportunity to purchase neighbouring 59 Regent Street, adding an extra 286sqm* of land area.
Call the exclusive agents now for an immediate inspection or to get more information on this rare investment sale opportunity.
The property will be offered for sale In-Rooms at Auctionworks, Mezzanine, 50 Margaret Street, Sydney, to be held on Thursday, 30 November 2023 at 10.30am
*(approx)
Disclaimer: Raine & Horne Commercial Parramatta advise the information displayed in this advertisement has been received through a third party. We have used our best endeavours to ensure the information contained in this advertisement is accurate and true however we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements which may be contained. Interested parties are urged to make independent enquiries to verify any information detailed or not stated in this advertisement.
Property History for 57 Regent St, Kogarah, NSW 2217
- 25 Jan 2024Listed for Rent $450 / week
- 30 Nov 2023Sold for $2,350,000
- 15 Nov 2023Listed for Rent $450 / week
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About Kogarah 2217
The size of Kogarah is approximately 2.7 square kilometres. It has 14 parks covering nearly 14.7% of total area. The population of Kogarah in 2011 was 12,763 people. By 2016 the population was 15,090 showing a population growth of 18.2% in the area during that time. The predominant age group in Kogarah is 30-39 years. Households in Kogarah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kogarah work in a professional occupation. In 2011, 55.7% of the homes in Kogarah were owner-occupied compared with 48.3% in 2016.
Kogarah has 10,499 properties. Over the last 5 years, Houses in Kogarah have seen a 45.63% increase in median value, while Units have seen a 14.80% increase. As at 31 December 2024:
- The median value for Houses in Kogarah is $1,727,741 while the median value for Units is $718,702.
- Houses have a median rent of $700 while Units have a median rent of $660.
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