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Sold on 23 Aug 2024 - Price Unavailable

399 Parramatta Road
Leichhardt NSW 2040

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 120m2
Land area: 114m2
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Property Details for 399 Parramatta Rd, Leichhardt

Building Type
Commercial
Floor Size
120m2
Land Size
114m2
Local Government
Inner West
Lot/Plan
D/DP347300

Last Listing description (August 2024)

An excellent opportunity to acquire this two-level mixed building fully leased to two separate tenancies. Strategically located on Parramatta Road next to the busy Norton Street intersection, the property benefits from incredible exposure to vehicular and foot traffic 7 days a week in this popular Inner West suburb.

Key Features:
> Fantastic opportunity for investors, owner occupiers with future development upside (as part of NSW Government's Parramatta Road Corridor Urban Transformation Strategy)

> Ground floor retail showroom & first floor 2-bedroom residence
> Strategically located on Parramatta Road, right next to the intersection of Norton Street, Leichhardt in Sydney's 'Little Italy'
> Secure rental income from two separate tenancies, returning $53,820 per annum (ex. GST)
> Rear lane access via Renwick Lane
> Off-street parking for 1 vehicle
> Land area 114sqm approx.
> The property is surrounded by popular neighbours: Norton's pub, Moretti pizzeria, Norton Plaza , Australia Post, Leichhardt Town Hall and Palace Cinemas
> Close proximity to ample street parking, council parking bays, bus stops, Leichhardt North light rail and Petersham train station

*All amounts, areas and distances are approximate

Auction Details:
For Sale by Auction on Tuesday, 27th August 2024
In Rooms & Online, 50 Margaret Street, Sydney NSW 2000

Property History for 399 Parramatta Rd, Leichhardt, NSW 2040

A timeline of how this property has performed in the market
Last Sold
23 Aug 2024
Listed for Rent
$575/w
13 Feb 2024
  • 23 Aug 2024
    Sold for $1,050,000
  • 29 Jul 2024
    Listed for Sale Auction: Tuesday, 27th August 2024
  • 07 Apr 2020
    Listed for Rent $360 / week
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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.
There are currently 33 properties listed for sale, and 43 properties listed for rent in Leichhardt on OnTheHouse. According to CoreLogic's data, 435 properties were sold in the past 12 months in Leichhardt.

Suburb Insights for Leichhardt 2040

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Contact agent
Nicholas Smith
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Dane Henrich
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Raine & Horne Commercial Inner West/South Sydney
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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.