50 Frenchmans RoadRandwick NSW 2031
Property Details for 50 Frenchmans Rd, Randwick
Last Listing description (October 2023)
Available for the first time in over 43 years, this immaculate property presents a rare chance for investors to secure scarce retail space in one of the Sydney's most prestigious districts immune from adverse economic conditions.
Features Include
- Spanning over 2 levels
- 2 Bathrooms, multiple cool rooms
- Leased until 2027 with a further 5-year option.
- Current rental return of $106,000 per annum
- Tenants pay 100% Council Rates, Water Rates
A rare and wonderful opportunity to acquire the perfect Torrens title investment where capital gains are assured.
Property History for 50 Frenchmans Rd, Randwick, NSW 2031
- 14 Oct 2023Sold for $1,835,000
- 28 Sep 2023Listed for Sale Sold by Anthony Romano & Cassandra Romano
- 04 Feb 2022Sold
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About 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 16,981 properties. Over the last 5 years, Houses in Randwick have seen a 59.23% increase in median value, while Units have seen a 35.57% increase. As at 31 July 2024:
- The median value for Houses in Randwick is $3,485,793 while the median value for Units is $1,192,174.
- Houses have a median rent of $1,300 while Units have a median rent of $800.
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