119-123 Belmore RoadRandwick NSW 2031
Property Details for 119-123 Belmore Rd, Randwick
Last Listing description (October 2024)
4 x lock up shops 3 fronting Belmore Road and 1 fronting Short Street
3 x Residential flats. (2 x 2 bedroom and 1 x 3 bedroom) Accessed from Short Street
High visibility landmark building with a low risk position in the heart of the Randwick Commercial district Two-level prime holding. 3 shops fronting Belmore Road and one shop fronting Short Street with residential flats accessed via short street. Water glimpse from upper level. Possibilities to upgrade, develop, sub divide (STCA)
This property enjoys an enormous commercial professional catchment area being just across the street from Royal Randwick Shopping Centre and opposite the Randwick Plaza and a short stroll to or from the Light Rail High Street terminus, Prince of Wales Hospital and within close proximity of both the university and medical precinct. Enormous scope to upgrade existing facilities to further enhance rental yield.
GAR on Fully Let basis (estimated) $343,750.00 (approx.)
Zoning: E2 Commercial Centre
Property History for 119-123 Belmore Rd, Randwick, NSW 2031
- 24 Sep 2024Sold for $4,125,000
- 03 Jul 2024Listed for Sale Auction
- 28 Nov 2019Listed for Rent $490 / week
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0About Randwick 2031
The size of Randwick is approximately 5.4 square kilometres. It has 25 parks covering nearly 20.6% of total area. The population of Randwick in 2011 was 27,740 people. By 2016 the population was 29,998 showing a population growth of 8.1% in the area during that time. The predominant age group in Randwick is 30-39 years. Households in Randwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Randwick work in a professional occupation. In 2011, 49.3% of the homes in Randwick were owner-occupied compared with 46.4% in 2016.
Randwick has 17,067 properties. Over the last 5 years, Houses in Randwick have seen a 28.90% increase in median value, while Units have seen a 21.15% increase. As at 31 January 2025:
- The median value for Houses in Randwick is $3,284,139 while the median value for Units is $1,193,346.
- Houses have a median rent of $920 while Units have a median rent of $850.
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