3/114 Kent StreetMillers Point NSW 2000
Property Details for 3/114 Kent St, Millers Point
3/114 Kent St, Millers Point is a 2 bedroom, 1 bathroom Unit and was built in 1880. The property has a land size of 468m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Millers Point in the last 12 months.
Last Listing description (November 2023)
Perched at the entrance to central Barangaroo, this exciting offering is situated in the heart of Sydney's historic Rocks/Millers Point precincts, offering incredible business and investment prospects.
The position of this property is truly unique - it's set opposite the prestigious Langham Hotel and next to the historic Agar Steps, providing direct access to Observatory Hill and its beautiful parklands, commanding arguably Sydney's best harbour views.
The ground floor of the property consists of a retail shop front, currently a sandwich deli popular with locals, as well as a large commercial kitchen. The second and top floors consist of a living room, separate kitchen, study and one bedroom, all benefitting from a sun filled northerly aspect. The retail/shopfront and residence are separate, providing lucrative scope for business leases, residential tenancy and short term holiday rental.
Solid timber floorboards and high ceilings deliver classic appeal, while the rooftop terrace captures picturesque views incorporating the sparkling harbour scene and iconic heritage streetscape.
Garnering strong rental yields in one of Sydney's most highly sought-after positions, the opportunities are endless to capitalise on this prime parcel, with an array of world-class attractions just moments from the doorstep.
Directly connected to the CBD, it's strolling distance from the cafes and fine dining of Barangaroo and The Rocks, new waterfront parklands, historic pubs, The Crown Casino and Barangaroo's future metro station, as well as thriving Circular Quay.
- 1 bed | 1 bath
- Prime retail/residential premises in the heart of Millers Point
- Unique opportunity with highly lucrative business prospects
- Perched at the entrance to the central Barangaroo precinct
- Opposite prestigious Langham Hotel and next to Agar Steps
- Stairs lead to the harbour view parklands of Observatory Hill
- Ground floor consists of retail premises and commercial kitchen
- Separate dwelling with one bedroom, a bathroom, study and lounge
- Rooftop terrace with picturesque harbour and streetscape views
- Well presented interiors ready for tenants to move straight in
- Enjoys plenty of natural light from the sunny northerly aspect
- Lucrative scope for business leases/short term holiday rental
- Classic appeal with solid timber floorboards and high ceilings
- Strong rental yields in one of Sydney's most iconic locations
- World-class attractions just moments from the doorstep
- Stroll to cafes/fine dining at the Rocks and Barangaroo
- Surrounded by waterfront parklands and historic local pubs
- Short walk to Circular Quay and future Barangaroo Metro
- Exceedingly rare opportunity to acquire prime retail premises
Property History for 3/114 Kent St, Millers Point, NSW 2000
- 23 May 2024Sold for $1,641,000
- 11 Aug 2023Listed for Sale Expressions of Interest
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About Millers Point 2000
The size of Millers Point is approximately 0.2 square kilometres. It has 9 parks covering nearly 14.9% of total area. The population of Millers Point in 2011 was 1,735 people. By 2016 the population was 1,478 showing a population decline of 14.8% in the area during that time. The predominant age group in Millers Point is 30-39 years. Households in Millers Point are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Millers Point work in a professional occupation. In 2011, 34.6% of the homes in Millers Point were owner-occupied compared with 43.4% in 2016.
Millers Point has 1,842 properties. Over the last 5 years, Houses in Millers Point have seen a -36.44% decrease in median value, while Units have seen a 10.25% increase. As at 31 July 2024:
- The median value for Houses in Millers Point is $1,848,002 while the median value for Units is $2,007,189.
- Houses have a median rent of $1,400 while Units have a median rent of $1,300.
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