153 Clovelly RoadRandwick NSW 2031
Property Details for 153 Clovelly Rd, Randwick
Last Listing description (June 2024)
Raine&Horne Kingsford are pleased to present as the exclusive selling agents, 153 Clovelly Road, Randwick. Perfectly positioned at the hub's entrance, this freehold commercial shop and residential terrace at the rear, is ideal for investors.
Enjoying high foot traffic and surrounded by a buzzing cosmopolitan lifestyle, this property is the ideal acquisition for an astute property portfolio. Currently leased to a long-term successful tenant "Crust" and residential tenants at the rear, this property offers long term security and solid capital growth.
Key Features Include:
• Site Area: 164.4sqm*
• Rear lane access, with lock up garage
• Total Net Rent $147,258.97 + GST + outgoings with annual reviews
• Operating as a fully functional pizzeria, "Crust", an established business for over 15 years.
• Lease Terms: 3 years with a 5 + 5 year option
• Fully equipped kitchen facilities and bathroom within the commercial space
• Zoning: B1 Neighbourhood Centre
• Three-bedroom, two-bathroom residential terrace style property at the rear of the building with courtyard
The property is offered for sale by Tuesday 14th May 2024 at 10.30am.
Auction WORKS: Mezzanine Level/50 Margaret St, Sydney NSW 2000
Inspections:
Friday 26th April at 4:00pm
For further details or to arrange an inspection, please contact the exclusive selling agent, Sam Karatasas on 0418 280 923.
*Approx
Property History for 153 Clovelly Rd, Randwick, NSW 2031
- 13 Jun 2024Sold
- 08 Apr 2024Listed for Sale Auction
- 04 Jan 2023Sold
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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 16,985 properties.
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