161 Perry StreetMatraville NSW 2036
Property Details for 161 Perry St, Matraville
Last Listing description (August 2024)
Ray White Commercial (SC) is proud to present to market this exceptional mixed use investment opportunity at 161 Perry Street, Matraville. The property is offered for sale by negotiation. The vendor's instructions are clear, the property must be sold.
This boutique freehold shop-top-housing features a retail shop with a fully equipped commercial kitchen and a studio on the ground level, complemented by a spacious 4-bedroom unit on the upper floor. Currently generating strong rental income, the property benefits from a flexible E1: Local Centre zoning, with potential for future upside through renovation, rental increase, development or repositioning.^
Located at one of Matraville's busiest intersections, in one of Sydney's most densely populated South Eastern suburbs, this property presents a significant opportunity for savvy investors or developers to capitalise on the strong demand for housing in this highly sought-after neighbourhood.
Additional highlights of the asset include:
• Retail space with commercial kitchen fit-out and double garage
• 1 x studio and 1 x 4-bedroom unit, both tenanted
• Separate entrances for retail and residence
• Estimated fully leased rental income of $122,900 per annum*
• Site area of 183sqm*
• Rear lane-way access
• Low outgoings
• Zoned E1: Local Centre
• Height Limit - 13m
• Potential for future rental increase, repositioning or development^
161 Perry Street, Matraville is offered for sale by negotiation.
For further information, please contact the exclusive selling agent below.
^Subject to council approval
* Approximately
Property History for 161 Perry St, Matraville, NSW 2036
- 08 Aug 2024Sold for $1,350,000
- 04 Jul 2024Listed for Sale FOR SALE
- 10 Jul 2023Listed for Sale $1,700,000
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About Matraville 2036
The size of Matraville is approximately 3.6 square kilometres. It has 13 parks covering nearly 4.3% of total area. The population of Matraville in 2011 was 9,039 people. By 2016 the population was 9,795 showing a population growth of 8.4% in the area during that time. The predominant age group in Matraville is 40-49 years. Households in Matraville are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Matraville work in a professional occupation. In 2011, 64.8% of the homes in Matraville were owner-occupied compared with 62.5% in 2016.
Matraville has 4,621 properties. Over the last 5 years, Houses in Matraville have seen a 67.78% increase in median value, while Units have seen a 26.92% increase. As at 31 August 2024:
- The median value for Houses in Matraville is $2,524,838 while the median value for Units is $1,043,676.
- Houses have a median rent of $1,400 while Units have a median rent of $750.
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