1026A Forest RoadLugarno NSW 2210
Property Details for 1026a Forest Rd, Lugarno
Last Listing description (January 2024)
Red Carpet Event | Wednesday, 8th November at Revesby Workers Club (2B Brett St, Revesby) at 6:30pm. Registrations from 6:00pm.
Well positioned in the heart of Lugarno's shopping village, this impressive freehold property presents an exceptional opportunity in a tightly held and much sort after retail precinct. Currently securely leased to a popular licensed cocktail bar/restaurant the land holding is approximately 202.3sqm, Zoned B1 Neighbourhood Centre zoning.
Returning approximately $41,600 (excluding GST) per annum, this premier building delivers an excellent long-term investment and is a great addition to any astute investor's portfolio.
- Returning approximately $41,600 (excluding GST) p.a.
- Currently leased to popular bar/restaurant
- Situated in Lugarno shopping village with good mix of tenancies
- Substantial restaurant fit out with great street presence
- Commercial kitchen, cool room, grease trap, exhaust
- Large inside seating area plus outside dining area
- Ducted air-conditioning and pressed ceilings
- Rear lane access, access to shopping strip parking spaces
- Approximately 202.3sqm of retail space
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.
Property History for 1026a Forest Rd, Lugarno, NSW 2210
- 08 Nov 2023Sold for $1,220,000
- 06 Oct 2023Listed for Sale SOLD $1,220,000
- 16 Mar 1998Sold for $220,000
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0About Lugarno 2210
The size of Lugarno is approximately 3.4 square kilometres. It has 14 parks covering nearly 21.1% of total area. The population of Lugarno in 2011 was 5,551 people. By 2016 the population was 5,632 showing a population growth of 1.5% in the area during that time. The predominant age group in Lugarno is 50-59 years. Households in Lugarno are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Lugarno work in a professional occupation. In 2011, 89.5% of the homes in Lugarno were owner-occupied compared with 88.8% in 2016.
Lugarno has 2,215 properties. Over the last 5 years, Houses in Lugarno have seen a 58.08% increase in median value, while Units have seen a 34.35% increase. As at 31 July 2024:
- The median value for Houses in Lugarno is $1,762,633 while the median value for Units is $1,296,966.
- Houses have a median rent of $825 while Units have a median rent of $625.
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