55 First AvenueRodd Point NSW 2046
Property Details for 55 First Ave, Rodd Point
Last Listing description (November 2023)
CBRE, as the exclusive sales agency is pleased to present 55 First Avenue, Rodd Point to market for the first time in over 50 years. The property is a rare mixed use freehold investment opportunity comprising two (2) commercial tenancies, one (1) large three (3) bedroom apartment with three (3) off street parking spaces at rear. Only one (1) of seven (7) commercial properties in Rodd Point, one of Inner West Sydney's most affluent, prestigious and tightly held suburbs.
55 First Avenue, Rodd Point benefits from the following key features:
- First time offered to the market in over 50 years
- Rare mixed use freehold investment opportunity in Rodd Point, one of Sydney Inner West's most affluent, prestigious and tightly held suburbs
- Comprising two (2) ground floor commercial premises leased to Hairitage Salon and Value Plus Pharmacy
- One (1) large three (3) bedroom residential apartment on the first floor
- Three (3) dedicated off street parking spaces accessed via Arthur Street
- Internal area of 265sqm*
- Prominent visibility and exposure to First Avenue
- Set moments from the picturesque Parramatta River and Sydney's iconic foreshore destination 'The Bay Run'
- Transport connectivity via bus services, light rail and arterial roads
- In proximity to a myriad of esteemed schools, leafy parks, retail centres and recreational areas
- Prime opportunity to revert rents to market, reposition or refurbish
55 First Avenue is for sale via CBRE National Property Auction Series to be held on Wednesday, 22nd Novemeber 2023 at CBRE North Sydney (Level 29, 177 Pacific Highway, North Sydney NSW 2060). Online & telephone bidding available.
For more information or to access the due diligence room, please contact the exclusive sales agents
*Approx
Property History for 55 First Ave, Rodd Point, NSW 2046
- 08 Dec 2023Sold for $2,900,000
- 23 Oct 2023Listed for Sale Contact Agent
- 26 Oct 2016Sold
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About Rodd Point 2046
The size of Rodd Point is approximately 0.4 square kilometres. It has 5 parks covering nearly 11.8% of total area. The population of Rodd Point in 2011 was 1,295 people. By 2016 the population was 1,360 showing a population growth of 5.0% in the area during that time. The predominant age group in Rodd Point is 40-49 years. Households in Rodd Point are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Rodd Point work in a professional occupation. In 2011, 78.9% of the homes in Rodd Point were owner-occupied compared with 82.8% in 2016.
Rodd Point has 560 properties. Over the last 5 years, Houses in Rodd Point have seen a 51.81% increase in median value. As at 31 October 2024:
- The median value for Houses in Rodd Point is $3,047,089 while the median value for Units is $1,563,693.
- Houses have a median rent of $1,250.
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