115 Pacific HighwayNorth Sydney NSW 2060
Property Details for 115 Pacific Hwy, North Sydney
Last Listing description (March 2024)
115 Pacific Highway is an exceptionally rare opportunity to purchase a freehold asset located in the epicenter of North Sydney, leased to a fully licensed Bordello which has been in occupation of the premises for 15 years and provides a brand new 5-year lease + option. The approved and licensed business benefits from a central location on an island site made up of 4 buildings. The subject site benefits from a 75 RL meter height limit, directly opposite Greenwood Plaza, North Sydney station, and only meters from the to-be-completed North Sydney Metro Station.
TYPE: Freehold investment
OCCUPANCY: 15 years + brand new 5-year lease
HEIGHT LIMIT: 75 RL meters
KEY FEATURES:
- 227sqm NLA
- 3-level Freehold
- Situated on an island site of 4 buildings
- Opposite Greenwood Plaza & only a moment's stroll from the North Sydney Metro station (est 2024 completion)
- Configured with multiple zones
- Ground floor entrance
- Parking station next door
Whilst North Sydney is currently undergoing a substantial transformation, the smaller freehold assets are becoming more elusive by the day, 115 Pacific Highway is an opportunity that will only become more difficult to secure.
OPEN FOR INSPECTION TIMES: WEDNESDAYS: 9 am - 9:30 am.
For any further information, to obtain the Information Memorandum, please contact Nick Moloney - 0477 545 111
Property History for 115 Pacific Hwy, North Sydney, NSW 2060
- 19 Mar 2024Sold for $2,725,000
- 04 Jul 2023Listed for Sale FOR SALE - CONTACT AGENT
- 27 May 2008Sold for $1,134,000
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0About 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 7,694 properties.
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