SOLD
Sold on 03 Nov 2023 for $13,200,000

128-130 Rothschild Avenue
Rosebery NSW 2018

Bedrooms: -
Bathrooms: -
Car spaces: 16
Land area: 996m2
Sold By
Daniel O'Brien
X Commercial South Sydney | Inner West
Save

Property Details for 128-130 Rothschild Ave, Rosebery

Building Type
Commercial
Land Size
996m2
Local Government
Sydney
Lot/Plan
1/DP861989

Last Listing description (December 2023)

LOCATION:

128-130 Rothschild Avenue, Rosebery is a well-renowned building in the heart of Rosebery. Its desirable location takes advantage of the energy and creativity that Rosebery offers.

The Property is located right opposite Turruwul Park, 350 metres away from the famous 'The Cannery', only a short walk to a variety of caf/restaurants, gyms, childcare centres, and large retail brands including Woolworths and IGA.

Access to the property by car is easy as multiple motorways are located right on its doorstep, including the newly opened M8 and the Eastern Distributor, which runs right through Rosebery with an exit ramp less than a five-minute drive from the site.

THE OPPORTUNITY:
This concrete constructed 1970's office building has undergone a recent and extensive refurbishment to an incredibly high standard and is now one of the most desirable buildings in Rosebery.

Spanning four levels, the building features a central light well which helps provide for excellent natural light throughout, district and park views, security car parking for 16 cars and 6 storage spaces. It has all the necessary amenities including shower facilities, swipe card security access, a sizeable 17-person lift and modern air-conditioning throughout. The building is always buzzing thanks to the popular Sub-Station Caf on the ground floor.

FEATURES INCLUDE:
Asking Price: $13.25m
100% fully leased building
Amazing refurbishment including part new roofing and mostly new air-conditioning units
Currently under-rented with rental reversion available
Current NET annual income of $872,506.98 per annum
1,707sqm Net Lettable Area
966.2sqm Site Area
Secure Parking for 16 cars and 6 storage spaces
Zoned E2 Productivity Support
Typical suites enjoy an abundance of natural light, private amenities, high ceilings and independent air conditioning
Bus stop located directly outside the property connecting tenants to Green Square station, Sydney CBD or Central Station.

For further information please contact the below selling agents.

Daniel O'Brien - 0404 860 747
James McCourt - 0411 785 861
Joshua Watts - 0411 095 247

Property History for 128-130 Rothschild Ave, Rosebery, NSW 2018

A timeline of how this property has performed in the market
Last Sold
$13,200,000
03 Nov 2023
Listed for Rent
15 Mar 2019
  • 03 Nov 2023
    Sold for $13,200,000
  • 17 Aug 2023
    Listed for Sale CONTACT AGENT
  • 15 Jul 2019
    Sold for $9,200,000
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About Rosebery 2018

The size of Rosebery is approximately 1.9 square kilometres. It has 8 parks covering nearly 2.9% of total area. The population of Rosebery in 2011 was 8,479 people. By 2016 the population was 10,115 showing a population growth of 19.3% in the area during that time. The predominant age group in Rosebery is 20-29 years. Households in Rosebery are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rosebery work in a professional occupation. In 2011, 64% of the homes in Rosebery were owner-occupied compared with 54.5% in 2016.

Rosebery has 7,777 properties. Over the last 5 years, Houses in Rosebery have seen a 53.00% increase in median value, while Units have seen a 24.16% increase. As at 31 July 2024:

  • The median value for Houses in Rosebery is $2,315,894 while the median value for Units is $975,165.
  • Houses have a median rent of $1,100 while Units have a median rent of $895.
There are currently 52 properties listed for sale, and 25 properties listed for rent in Rosebery on OnTheHouse. According to CoreLogic's data, 355 properties were sold in the past 12 months in Rosebery.

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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.