SOLD
Sold on 11 Dec 2023 for $1,750,000

5/285-297 Lane Cove Road
Macquarie Park NSW 2113

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 97m2
Land area: 4379m2
Sold By
Sutton Anderson
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Property Details for 5/285-297 Lane Cove Rd, Macquarie Park

Building Type
Commercial
Floor Size
97m2
Land Size
4379m2
Local Government
Ryde
Lot/Plan
5/SP18124

Last Listing description (January 2023)

Sutton Anderson are pleased to present Shop 5, 285-297 Lane Cove Road, Macquarie Park for sale via EOI.

The property is located within Eden Park Centre and represents a rare opportunity to acquire an income generating asset. Property features include:

* PT 5: 97 sqm on title

* Huge exposure to Lane Cove Road
* Vast common customer parking at the rear of the complex
* Current Lease in place to December 2024 with an additional 5 year option in place
* Current net income of approximately $84,107.88 per annum*
* Site underdeveloped, be part of a potential redevelopment in the future (STCA)
* Walk to Macquarie Park train station, approximately 260m
* Public car park with approximately 68 car spaces
* Current tenant may consider selling the business
* Neighbours include international leading brands of Ezymart, McDonalds, KFC & Subway

Expressions Of Interest close 25th November 2022 at 4PM.

For further information please contact your exclusive agents.

Property History for 5/285-297 Lane Cove Rd, Macquarie Park, NSW 2113

A timeline of how this property has performed in the market
Last Sold
$1,750,000
11 Dec 2023
  • 11 Dec 2023
    Sold for $1,750,000
  • 31 Oct 2022
    Listed for Sale Contact Agent
  • 27 Oct 1995
    Sold for $280,000

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About Macquarie Park 2113

The size of Macquarie Park is approximately 6.8 square kilometres. It has 27 parks covering nearly 36.8% of total area. The population of Macquarie Park in 2011 was 6,142 people. By 2016 the population was 8,125 showing a population growth of 32.3% in the area during that time. The predominant age group in Macquarie Park is 20-29 years. Households in Macquarie Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macquarie Park work in a professional occupation. In 2011, 33.5% of the homes in Macquarie Park were owner-occupied compared with 29.7% in 2016..

Macquarie Park has 9,202 properties. Over the last 5 years, Houses in Macquarie Park have seen a 73.89% increase in median value, while Units have seen a 19.41% increase. As at 31 October 2024:

  • The median value for Houses in Macquarie Park is $2,128,339 while the median value for Units is $881,528.
  • Houses have a median rent of $600 while Units have a median rent of $680.
There are currently 160 properties listed for sale, and 47 properties listed for rent in Macquarie park on OnTheHouse. According to CoreLogic's data, 473 properties were sold in the past 12 months in Macquarie park.

Suburb Insights for Macquarie Park 2113

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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.