1 Franklin StreetMays Hill NSW 2145
Property Details for 1 Franklin St, Mays Hill
Last Listing description (August 2023)
Ray White Commercial Western Sydney is pleased to offer 1 Franklin St, Mays Hill, NSW for sale via on-site Auction.
Presenting a perfect opportunity for owner-occupiers or investors to acquire this rare freehold property which is offered for sale for the first time in 26 years.
Strategically located less than 3 km from Parramatta's Central Business District and Westmead's Medical Precinct, with easy access to major arterial roads.
Additional highlights of the property are outlined below:
Land area of 265.6 sqm*
Current Passing Annual Income - $47,272 + GST* (Gross) with a potential to increase
Currently occupied by a florist on a month-by-month tenancy, making it ideal for owner occupiers or value-add investors
Zoned - E3 Productivity Support (Previously known as B6 Enterprise Corridor)
Allows for a multitude of permissible uses, including retail, commercial or light industrial etc. (STCA)
Current improvements on the property include shop front retail and warehouse with amenities
Situated just off the Great Western Highway, in between Parramatta & Westmead, with complimentary on-street council parking for the public
The property benefits from convenient access to major arterial roads, such as the Great Western Highway, Parramatta Road and Western Motorway (M4)
The property is offered for sale via Auction, Onsite Wednesday 24 May 2023 at 11:00 am.
For more information, please contact the below exclusive selling agents.
Property History for 1 Franklin St, Mays Hill, NSW 2145
- 24 May 2023Sold for $1,655,000
- 24 Apr 2023Listed for Sale Auction
- 26 Aug 1997Sold for $160,000
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About Mays Hill 2145
The size of Mays Hill is approximately 0.3 square kilometres. It has 3 parks covering nearly 20.6% of total area. The population of Mays Hill in 2011 was 716 people. By 2016 the population was 750 showing a population growth of 4.7% in the area during that time. The predominant age group in Mays Hill is 30-39 years. Households in Mays Hill are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Mays Hill work in a professional occupation. In 2011, 64.7% of the homes in Mays Hill were owner-occupied compared with 47.5% in 2016.
Mays Hill has 972 properties. Over the last 5 years, Houses in Mays Hill have seen a 12.47% increase in median value, while Units have seen a 8.42% increase. As at 31 August 2024:
- The median value for Houses in Mays Hill is $1,037,512 while the median value for Units is $565,335.
- Houses have a median rent of $555 while Units have a median rent of $620.
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