163 Norton StreetLeichhardt NSW 2040
Property Details for 163 Norton St, Leichhardt
Last Listing description (July 2024)
A precious opportunity to acquire this mixed-use freehold property with immediate secure income and future development upside. Strategically located at the busiest intersection in Leichhardt's commercial precinct, the property benefits from incredible vehicular and foot traffic 7 days a week in this popular Inner West suburb. Currently leased to a prominent licensed Italian restaurant, trading for over 15 years.
> 315sqm building area across two levels with On Premise Liquor Licence (Primary Service Authorisation)
> Strategically located in Norton Street precinct, one of Australia's 3 'Little Italy' Heritages
> 100% of Council Rates, Water Usage, Water Sewage and Drainage & Trade Waste Collection paid by the tenant
> CPI Increase and Market Review at option
> Strategic position and prime location in the heart of Norton Street and surrounded by popular neighbours: Bar Italia, The Royal Leichhardt, Mezzapica Café & Cakes, Café Jolly, Chemist Warehouse, Australia Post, Leichhardt Town Hall and Palace Cinemas
*All amounts, areas and distances are approximate
Auction Details:
For Sale by Auction on Tuesday, 9th July 2024
In Rooms & Online, 50 Margaret Street, Sydney NSW 2000
Property History for 163 Norton St, Leichhardt, NSW 2040
- 09 Jul 2024Sold
- 28 May 2024Listed for Sale Auction 9th July 2024
- 22 Dec 2011Sold for $1,350,000
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About Leichhardt 2040
The size of Leichhardt is approximately 2.6 square kilometres. It has 16 parks covering nearly 6.6% of total area. The population of Leichhardt in 2011 was 13,519 people. By 2016 the population was 14,608 showing a population growth of 8.1% in the area during that time. The predominant age group in Leichhardt is 30-39 years. Households in Leichhardt are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Leichhardt work in a professional occupation. In 2011, 57.8% of the homes in Leichhardt were owner-occupied compared with 57.6% in 2016.
Leichhardt has 8,671 properties. Over the last 5 years, Houses in Leichhardt have seen a 38.83% increase in median value, while Units have seen a 30.50% increase. As at 31 October 2024:
- The median value for Houses in Leichhardt is $2,077,732 while the median value for Units is $1,091,523.
- Houses have a median rent of $920 while Units have a median rent of $738.
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