276 Illawarra RoadMarrickville NSW 2204
Property Details for 276 Illawarra Rd, Marrickville
Last Listing description (September 2024)
276 Illawarra Road, Marrickville is positioned in the heart of Illawarra Road's vibrant shopping strip, one of the most active and desirable commercial hubs in the Inner West. With a choice of popular restaurants, bars, eateries, and multiple transport options all within walking distance, this commercial investment ticks all the boxes.
• Single level freehold building on a generous 271m²* of land with 6-metre* frontage to Illawarra Road
• Currently leased to Pepito's Marrickville and generating a gross annual income of $77,800 + GST*.
• Valuable rear lane access and a secure loading bay via Tuohy Lane
• Zoned E1 Local Centre, suitable for a variety of uses
• Located adjacent to renowned establishments Eat Fuh, Hello Auntie, VN Street Foods, Woolworths, Fitness Playground, and The Lazy Bones Lounge, ensuring high foot traffic and visibility
• Known as 'Little Asia' Illawarra Road is one of the most tightly held areas in Marrickville, an already highly popular suburb. This is a rare opportunity for investors or future owner-occupiers to acquire a site with significant future potential
• Motivated vendors seeking a definite sale at auction
*All amounts are approximate
Auction Details:
For Sale by Auction on Tuesday, 10th September 2024
In Rooms & Online, 50 Margaret Street, Sydney NSW 2000
Property History for 276 Illawarra Rd, Marrickville, NSW 2204
- 10 Sep 2024Sold
- 12 Aug 2024Listed for Sale For Sale by Auction Tuesday 10th September 2024
- 13 Apr 2023Sold
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About Marrickville 2204
The size of Marrickville is approximately 5.8 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Marrickville in 2011 was 24,612 people. By 2016 the population was 26,571 showing a population growth of 8.0% in the area during that time. The predominant age group in Marrickville is 30-39 years. Households in Marrickville are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Marrickville work in a professional occupation. In 2011, 54.6% of the homes in Marrickville were owner-occupied compared with 51.2% in 2016.
Marrickville has 15,014 properties. Over the last 5 years, Houses in Marrickville have seen a 46.11% increase in median value, while Units have seen a 22.60% increase. As at 31 October 2024:
- The median value for Houses in Marrickville is $2,078,634 while the median value for Units is $895,667.
- Houses have a median rent of $890 while Units have a median rent of $650.
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