SOLD
RECENT ADVICE
Sold on 19 Mar 2024 - Price Unavailable

115 Pacific Highway
North Sydney NSW 2060

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 227m2
Save

Property Details for 115 Pacific Hwy, North Sydney

Building Type
Commercial
Floor Size
227m2

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

TERM: 5 years + option
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

A timeline of how this property has performed in the market
Last Sold
19 Mar 2024
  • 19 Mar 2024
    Sold for $2,725,000
  • 04 Jul 2023
    Listed for Sale FOR SALE - CONTACT AGENT
  • 27 May 2008
    Sold for $1,134,000

Commute Calculator

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 7,743 properties. Over the last 5 years, Houses in North Sydney have seen a 4.97% increase in median value, while Units have seen a 14.57% increase. As at 30 November 2024:

  • The median value for Houses in North Sydney is $2,728,178 while the median value for Units is $1,263,126.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 36 properties listed for sale, and 74 properties listed for rent in North sydney on OnTheHouse. According to CoreLogic's data, 325 properties were sold in the past 12 months in North sydney.

Suburb Insights for North Sydney 2060

Market Insights
North Sydney Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
North Sydney Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Nick Moloney
Show contact details
Raine & Horne Commercial North Sydney
Preferred contact:
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.