SOLD
Sold on 22 Dec 2023 for $2,750,000

148 Longueville Road
Lane Cove NSW 2066

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 80m2
Land area: 211m2
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Property Details for 148 Longueville Rd, Lane Cove

Building Type
Commercial
Floor Size
80m2
Land Size
211m2
Local Government
Lane Cove
Lot/Plan
7/DP25992

Last Listing description (August 2007)

Income and Development Potential
Two storey retail building with upstair commercial tenancy. DA approval for three x 1-bedroom apartments of 1 floor each.
• Two-storey freehold retail building with dual street access (the rear to Little Lane) located in the Lane Cove Shopping Village opposite the Lane Cove Plaza.

• Development Approval for three one bedroom
apartments and parking at rear of property.
• Ground floor is tenanted by Elysium Hair Design on a lease expiring 21st October 2009 with a three year option and provision for annual rental increase of
4%.
• The first floor office suite features a separate entrance on Longueville Road, impressive high ceilings, natural light, toilet and kitchenette facilities. It was previously tenanted by Wizard Home
Loans and would suite a variety of commercial and pseudo-retail activities owing to its Longueville Road
presentation.
• Initial net annual rental for the building is approximately $62,585. Fully let approximately $92,500.
• Fantastic potential for capital appreciation after development of the rear apartments and strata-titling of the shop, office suite and apa
Additional Details: Property areas are as follows (all areas are approx.):
Retail shop - 82.85sqm
Commercial tenancy - 86.30sqm
Basement storage - 30sqm
Total Area: 199 m2
Site Area: 211 m2
Auction Location: Mezzanine Level, 123 Pitt Street, Sydney

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Property History for 148 Longueville Rd, Lane Cove, NSW 2066

A timeline of how this property has performed in the market
Last Sold
$2,750,000
22 Dec 2023
Listed for Rent
$30k/w
21 Nov 2023
  • 22 Dec 2023
    Sold for $2,750,000
  • 23 Oct 2007
    Listed for Rent - Price not available
  • 23 Aug 2007
    Sold for $1,930,000
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About Lane Cove 2066

The size of Lane Cove is approximately 2.6 square kilometres. It has 16 parks covering nearly 14.6% of total area. The population of Lane Cove in 2011 was 9,473 people. By 2016 the population was 10,824 showing a population growth of 14.3% in the area during that time. The predominant age group in Lane Cove is 30-39 years. Households in Lane Cove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lane Cove work in a professional occupation. In 2011, 65.5% of the homes in Lane Cove were owner-occupied compared with 60.5% in 2016.

Lane Cove has 7,246 properties. Over the last 5 years, Houses in Lane Cove have seen a 48.11% increase in median value, while Units have seen a 15.13% increase. As at 31 October 2024:

  • The median value for Houses in Lane Cove is $3,105,528 while the median value for Units is $941,623.
  • Houses have a median rent of $1,150 while Units have a median rent of $700.
There are currently 45 properties listed for sale, and 55 properties listed for rent in Lane cove on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Lane cove.

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