268 Sailors Bay RoadNorthbridge NSW 2063
Property Details for 268 Sailors Bay Rd, Northbridge
268 Sailors Bay Rd, Northbridge is a 8 bedroom, 8 bathroom House. The property has a land size of 411m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 8 bedroom House sold in Northbridge in the last 12 months.
Last Listing description (June 2024)
Offered For Sale via Public Auction Croll Real Estate is pleased to present 268 Sailors Bay Road Northbridge, a rare opportunity to secure an immaculately presented fully-leased unit block investment in an affluent Lower North Shore location.
This two-storey character building comprises four charming 2-bedroom / 2-bathroom apartments, three private use car spaces accessible via Wagschall Lane at the rear, and benefits from its recent strata subdivision approval.
Recently renovated, the distinctive property retains attractive original features, with each apartment enjoying a versatile layout, high ornate ceilings, lead light windows, timber floors, a sunny north-facing main bedroom with built-in window seat, an open plan living and dining room, a gas eat-in kitchen, and a private laundry.
Demand for small, well-maintained metropolitan apartment block investments, particularly in prestige locations, remain hotly contested in the current market, especially given Sydney’s rental boom is unlikely to ease in the short-to-medium term.
411sqm rectangular site with dual 10m frontages
Secure well-maintained building and grounds
Recently approved for strata subdivision
Comparative low outgoings, no Capex required
4 apartments fully-leased with long-term tenants
Rental reversion potential
Leafy tranquil outlook in highly-desirable location
All apartments renovated with functional layouts
Light-filled north-facing main bedrooms
Dual access with off-street parking at rear
An impressive Information Memorandum document is available outlining:
Executive summary
Market commentary
Comparable evidence
Tenancy financials
Floor and site plan
Please note we have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers/tenants must rely on their own enquiries in this regard. We will not accept any liability for any incorrect representation(s) claimed to be made that has not been confirmed in writing with the agent prior to the purchaser/tenant exchanging contracts.
Property History for 268 Sailors Bay Rd, Northbridge, NSW 2063
- 31 Jan 2024Sold for $4,525,000
- 15 Nov 2023Listed for Sale Not Disclosed
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0About Northbridge 2063
The size of Northbridge is approximately 2.7 square kilometres. It has 19 parks covering nearly 28.6% of total area. The population of Northbridge in 2011 was 5,931 people. By 2016 the population was 6,342 showing a population growth of 6.9% in the area during that time. The predominant age group in Northbridge is 40-49 years. Households in Northbridge are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Northbridge work in a professional occupation. In 2011, 77.3% of the homes in Northbridge were owner-occupied compared with 78.4% in 2016.
Northbridge has 2,658 properties. Over the last 5 years, Houses in Northbridge have seen a 69.80% increase in median value, while Units have seen a 31.38% increase. As at 31 July 2024:
- The median value for Houses in Northbridge is $4,602,525 while the median value for Units is $1,418,628.
- Houses have a median rent of $1,500 while Units have a median rent of $780.
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