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Sold on 12 Sep 2024 - Price Unavailable

7 Gurrigal Street
Mosman NSW 2088

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 233m2
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Property Details for 7 Gurrigal St, Mosman

Building Type
Land
Land Size
233m2
Local Government
Mosman
Lot/Plan
2/DP230334

Last Listing description (September 2024)

Ray White Commercial Sydney North as exclusive selling agent is proud to present 6 - 7 Gurrigal Street, Mosman for sale by Expressions of Interest.

Offered for the first time in 40 years* since constructed by the current owners in 1984, spanning 470 sqm* of land, the property currently comprises a mix of 4 x commercial suites, 4 x 2 bedroom residential apartments and 1 x 3 bedroom residential apartment, as well as 14 undercover security car spaces.

This prominent building provides dual frontage to Gurrigal Street and Nathan Lane with over 44m* of street frontage, positioned conveniently off Military Road.

The property presents as an incredible opportunity for investors or developers who wish to maximise the potential of the site, given the existing under development. The E1 Local Centre Zoning, 15m height limit and 2.5:1 FSR offering future redevelopment upside (STCA).

The site is a 4 minute* walk to Spit Junction, Fourth Village and numerous cafes and retailers, providing easy access to public transport including buses and ferries which easily connect the property to Sydney CBD and Northern Beaches.

The property is currently fully leased and has a Combined Estimated Gross Income of approximately $273,065 per annum + GST* on a fully leased basis with the potential for rental upside.

Property Highlights:
470 sqm*
Over 44m* of Dual Street Frontage
4x Commercial suites, 4 x 2 Bedroom apartments + 1x 3 bedroom apartment
14 Undercover car spaces
Estimated Gross Income of approximately $273,065 per annum + GST*

*All figures are approximate

For further details or to arrange an inspection please contact:

Scott Stephens | 0434 341 001
scott.stephens@raywhite.com

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Property History for 7 Gurrigal St, Mosman, NSW 2088

A timeline of how this property has performed in the market
Last Sold
12 Sep 2024
Listed for Rent
19 Sep 2016
  • 12 Sep 2024
    Sold
  • 21 Aug 2024
    Listed for Sale EXPRESSIONS OF INTEREST
  • 20 Dec 2018
    Listed for Rent $30,000 / year
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About Mosman 2088

The size of Mosman is approximately 8.7 square kilometres. It has 45 parks covering nearly 29.6% of total area. The population of Mosman in 2011 was 27,452 people. By 2016 the population was 28,491 showing a population growth of 3.8% in the area during that time. The predominant age group in Mosman is 40-49 years. Households in Mosman are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mosman work in a professional occupation. In 2011, 63% of the homes in Mosman were owner-occupied compared with 62.8% in 2016.

Mosman has 15,914 properties. Over the last 5 years, Houses in Mosman have seen a 49.58% increase in median value, while Units have seen a 28.02% increase. As at 31 October 2024:

  • The median value for Houses in Mosman is $5,727,238 while the median value for Units is $1,467,886.
  • Houses have a median rent of $1,750 while Units have a median rent of $750.
There are currently 68 properties listed for sale, and 74 properties listed for rent in Mosman on OnTheHouse. According to CoreLogic's data, 622 properties were sold in the past 12 months in Mosman.

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