220 Princes HighwayKogarah Bay NSW 2217
Property Details for 220 Princes Hwy, Kogarah Bay
Last Listing description (August 2011)
LEASED INVESTMENT WITH UPSIDE!
The subject property is situated on the south eastern corner of Princes Hwy and Park Road in Kogarah. Surrounding development is of commercial and residential nature along with a number of modern mixed developments having been completed in recent years. The property is reasonably well located to public transport nodes with Allawah and Carlton Railway Station situated approximately one (1) kilometre to the west.
This freestanding multi-tenanted opportunity is the first time offered to the market in over 40 years. The subject property consists of a two (2) storey retail/commercial and residential. Improvements on a site area of 1,173m approximately. The main improvements are as follows:
- Safe multiple tenanted investment
- Potential to produce rent over $300,000 pa net
- Sub-divisible, the ability to occupy a portion of the property whilst leasing the remainder
- Two (2) frontages maximising exposure and profile
- Large carpark at rear
GREAT OPPORTUNITY!
For further information, please contact:
Trent Gallagher
Colliers International
M: 0432 242 063
E: trent.gallagher@colliers.com
OR
David Scott
M: 0415 765 498
E: david.scott@colliers.com
OR
Chris Exarhos
Exa Property Agents
M: 0417 080 474
E: cexarhos@exaig.com
Property History for 220 Princes Hwy, Kogarah Bay, NSW 2217
- 11 May 2013Listed for Rent $245 / week
- 31 Aug 2012Listed for Rent $245 / week
- 29 Dec 2011Listed for Rent - Price not available
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About Kogarah Bay 2217
The size of Kogarah Bay is approximately 0.9 square kilometres. It has 8 parks covering nearly 10.3% of total area. The population of Kogarah Bay in 2011 was 2,060 people. By 2016 the population was 2,003 showing a population decline of 2.8% in the area during that time. The predominant age group in Kogarah Bay is 50-59 years. Households in Kogarah Bay are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kogarah Bay work in a professional occupation. In 2011, 85.1% of the homes in Kogarah Bay were owner-occupied compared with 85.3% in 2016.
Kogarah Bay has 941 properties. Over the last 5 years, Houses in Kogarah Bay have seen a 70.01% increase in median value, while Units have seen a 7.72% increase. As at 31 October 2024:
- The median value for Houses in Kogarah Bay is $2,280,141 while the median value for Units is $844,689.
- Houses have a median rent of $950.
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