SOLD
Sold on 14 Aug 2024 for $2,310,000

1 Eden Street
North Sydney NSW 2060

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 196m2
Sold By
Lowry Property Group
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Property Details for 1 Eden St, North Sydney

Building Type
Land
Land Size
196m2
Local Government
North Sydney
Lot/Plan
A/DP105757

Last Listing description (November 2024)

1 Eden Street, North Sydney is a refurbsihed freehold office building ready for occupation and surrounded by trendy cafes, bars and restaurants.

Freehold opportunities to purchase commercial realestate in North Sydney at this price point are unheard of!

The property is located 600m away from the entrance of the Victoria Cross Metro Station entrance which will provide direct access to the Sydney CBD and north west Sydney through Crows Nest, Chatswood & Macquarie Park.

The property also has excellent development potential with an unrepeatable Approval for a high end 10-room boarding house, complemented by ground-floor retail and commercial spaces, as well as a spacious communal room on the top floor. Upon completion 1 Eden Street will be only 1 of 6 registered Boarding houses in North Sydney.

Key Property Features:
136 sqm two storey creative office building
2 car spaces (no levy)
High-quality fit out with excellent natural light
Fitted with 2 offices, boardroom, reception & 10 workstations
Self contained with kitchen and bathrooms
Building signage available
DA Approved high end Boarding House for 10 rooms
Unrepeatable DA
Upon completion will be only 1 of 6 boarding houses in North Sydney
Strategic location with the best of Crows Nest & North Sydney walking distance away
600m to Victoria Cross Metro (opens in 2024)
400m to the Mater Hospital
1.8kms to Royal North Shore Hospital

This property presents a unique opportunity to acquire entry-level freehold in the rapidly growing North Sydney area. With the upcoming opening of the Victoria Cross Metro Station in mid-2024, North Sydney is poised to become one of Sydney's most connected hubs, featuring both heavy rail and a Metro system. The strategic location of 1 Eden Street, just 600m from the Metro Station entrance, adds to its appeal.

Furthermore, North Sydney Council maintains a firm stance on restricting residential usages within the CBD core, making properties like 1 Eden Street more valuable given its residential approval.

Seize the opportunity to own a slice of North Sydney real estate before the market undergoes a significant transformation with the introduction of the Victoria Cross Metro Station. Act now and get in touch with us for more details and to schedule a viewing.

Property History for 1 Eden St, North Sydney, NSW 2060

A timeline of how this property has performed in the market
Last Sold
$2,310,000
14 Aug 2024
Listed for Rent
$95k/w
27 Jun 2023
  • 14 Aug 2024
    Sold for $2,310,000
  • 17 Mar 2024
    Listed for Sale $2,300,000
  • 06 Jun 2023
    Listed for Rent - Price not available
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About North Sydney 2060

The size of North Sydney is approximately 1.5 square kilometres. It has 21 parks covering nearly 7.7% of total area. The population of North Sydney in 2011 was 6,257 people. By 2016 the population was 7,707 showing a population growth of 23.2% in the area during that time. The predominant age group in North Sydney is 30-39 years. Households in North Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Sydney work in a professional occupation. In 2011, 38.3% of the homes in North Sydney were owner-occupied compared with 37.8% in 2016.

North Sydney has 7,628 properties. Over the last 5 years, Houses in North Sydney have seen a 23.87% increase in median value, while Units have seen a 20.16% increase. As at 31 October 2024:

  • The median value for Houses in North Sydney is $3,066,860 while the median value for Units is $1,264,184.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 43 properties listed for sale, and 71 properties listed for rent in North sydney on OnTheHouse. According to CoreLogic's data, 311 properties were sold in the past 12 months in North sydney.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.