SOLD
Sold on 07 Mar 2024 for $14,300,000

38 Ricketty Street
Mascot NSW 2020

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 390m2
Land area: 1834m2
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Sold By
Daniel O'Brien
WBE Pty Ltd. T/a X Commercial
Marcus Schraag
WBE Pty Ltd. T/a X Commercial
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Property Details for 38 Ricketty St, Mascot

Building Type
Commercial
Floor Size
390m2
Land Size
1834m2
Local Government
Bayside
Lot/Plan
U/DP348478

Last Listing description (May 2024)

X Commercial are excited to present 38 Ricketty Street, Mascot to the market for sale via an Expressions of Interest campaign.

The property offers a versatile and open plan layout over two levels & complete with roof top car parking for circa 38 cars with ramp access from Ossary Street.

Just a few minutes' walk to Mascot Train Station & Town Centre, 38 Ricketty Street is strategically positioned in the highly sought after South Sydney Commercial Precinct whilst being surrounded by major infrastructure, roads, tunnel networks, major retailers and just 2km from Sydney Airport & 10km south of Sydney's CBD.

Ready for immediate value add or re-development the site is suitable for occupiers, developers or investors given the planning controls, versatile floor plates, parking capabilities and location.

The Key X Factors:

Freestanding dual level commercial building
Total Building area (NLA) 2,040m2
Land area 1,834m2
E3: Productivity support zoning
Dual street access from Ricketty & Ossary Streets
Roof top car parking for circa 38 cars
Versatile floor plates offered at a clean base building level
Immediate value add opportunity
Current approvals in place for a commercial building fit out/redevelopment including install and supply of a lift.
Planning controls: FSR 3:1 & Height 44m

The property is offered for sale via Expressions of Interest closing Tuesday 5th of March 2024 @ 4pm - all serious offers to be presented.

To discuss further, arrange an inspection or obtain an IM please contact one of the exclusive X Commercial Agents below.

Daniel O'Brien - 0404 860 747
Marcus Schraag - 0431 038 291
Charlie McKenzie - 0416 833 118

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Property History for 38 Ricketty St, Mascot, NSW 2020

A timeline of how this property has performed in the market
Last Sold
$14,300,000
07 Mar 2024
Listed for Rent
19 Apr 2023
  • 07 Mar 2024
    Sold for $14,300,000
  • 06 Feb 2024
    Listed for Sale Expression Of Interest Campaign
  • 19 Aug 2019
    Listed for Sale Contact Agent
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About Mascot 2020

The size of Mascot is approximately 12.1 square kilometres. It has 29 parks covering nearly 1.7% of total area. The population of Mascot in 2011 was 10,178 people. By 2016 the population was 14,792 showing a population growth of 45.3% in the area during that time. The predominant age group in Mascot is 20-29 years. Households in Mascot are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Mascot work in a professional occupation. In 2011, 64.6% of the homes in Mascot were owner-occupied compared with 49.5% in 2016.

Mascot has 11,898 properties. Over the last 5 years, Houses in Mascot have seen a 45.71% increase in median value, while Units have seen a 5.64% increase. As at 31 August 2024:

  • The median value for Houses in Mascot is $1,800,924 while the median value for Units is $871,116.
  • Houses have a median rent of $978 while Units have a median rent of $950.
There are currently 66 properties listed for sale, and 49 properties listed for rent in Mascot on OnTheHouse. According to CoreLogic's data, 632 properties were sold in the past 12 months in Mascot.

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