OFF MARKET

1/24-30 Springfield Avenue
Potts Point NSW 2011

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 51m2
Land area: 96m2
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Property Details for 1/24-30 Springfield Ave, Potts Point

Building Type
Commercial
Floor Size
51m2
Land Size
96m2
Local Government
Sydney
Lot/Plan
46/SP83116

Last Listing description (August 2023)

CBRE as exclusive sales agent is pleased to present 1/24-30 Springfield Avenue, Potts Point. The offering represents a secure office investment with parking leased to Harris Farm Markets in the bustling commercial centre and prestigious harbourside locality of Potts Point.

1/24-30 Springfield Avenue, Potts Point benefits from following key attributes:


-Secure modern office investment in prestigious Potts Point
-Leased by bluechip tenant and proven grocery operator Harris Farm Markets on a recently renewed 5-year lease
-Secure passing annual net income of $40,224 p.a.*
-Modern well presented office space with 2 meetings rooms, suspended ceilings and great natural light
-Includes a secure basement carpark
-Positioned for absolute convenience only 200m* to Kings Cross Station in the heart of Potts Point amongst the areas extensive cafes, restaurant's and boutique retail stores

1/24-30 Springfield Avenue, Potts Point will be sold via private treaty with a price guide of $670,000 - 6% Net Yield

For more information or to arrange an inspection, please contact the exclusive listing agents

Property History for 1/24-30 Springfield Ave, Potts Point, NSW 2011

A timeline of how this property has performed in the market
Last Sold
$615,000
25 Aug 2023
Listed for Rent
22 Aug 2019
  • 25 Aug 2023
    Sold for $615,000
  • 01 May 2023
    Listed for Sale Contact Agent
  • 22 Aug 2019
    Listed for Rent - Price not available
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About Potts Point 2011

The size of Potts Point is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.5% of total area. The population of Potts Point in 2011 was 6,861 people. By 2016 the population was 9,425 showing a population growth of 37.4% in the area during that time. The predominant age group in Potts Point is 20-29 years. Households in Potts Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Potts Point work in a professional occupation. In 2011, 35.1% of the homes in Potts Point were owner-occupied compared with 31.3% in 2016.

Potts Point has 7,279 properties. Over the last 5 years, Houses in Potts Point have seen a 23.49% increase in median value, while Units have seen a 20.98% increase. As at 31 July 2024:

  • The median value for Houses in Potts Point is $2,832,356 while the median value for Units is $1,073,592.
  • Houses have a median rent of $688 while Units have a median rent of $650.
There are currently 29 properties listed for sale, and 43 properties listed for rent in Potts point on OnTheHouse. According to CoreLogic's data, 284 properties were sold in the past 12 months in Potts point.

Suburb Insights for Potts Point 2011

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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.