49 Benaroon AvenueSt Ives NSW 2075
Property Details for 49 Benaroon Ave, St Ives
Last Listing description (November 2023)
Burgess Rawson is pleased to offer to the market 49 Benaroon Avenue, St Ives (Sydney) for sale via our Investment Portfolio Auction 164.
The property has the following investment highlights:
+ Brand new 20 year net lease to 2041 plus options to 2051
+ Landlord-favourable, net lease terms with tenant responsible for outgoings incl. rates, taxes, insurances and R & M's
+ Expansive 1,339sqm* Sydney landholding
+ St Ives - Affluent North Shore suburb only 15 km from Sydney CBD with the median house price 87% higher than the NSW state average**. The fastest growing age demographic is 70+ years***
+ Ideal healthcare location with 6 hospitals and further medical facilities located within a 6km* radius, including Hornsby Ku-Rin-Gai Hospital****
+ Attractive uncapped CPI rent reviews
+ Net Income: $176,852 pa* + GST
The Portfolio will offer 4 investment property opportunities to be sold individually via Portfolio Auction including:
+ 49 Benaroon Avenue, St Ives NSW 2075
+ 3 Garrick Road, St Ives NSW 2075
+ 18 Lisa Crescent, Castle Hill NSW 2154
+ 35 Chiltern Crescent, Castle Hill NSW 2154
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 24 October 2023
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information.
*approx
*****
***profile.id
****gapmaps.com
Property History for 49 Benaroon Ave, St Ives, NSW 2075
- 25 Oct 2023Sold for $3,300,000
- 26 Sep 2023Listed for Sale Contact Agent
- 01 Oct 2021Sold for $3,266,010
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About St Ives 2075
The size of St Ives is approximately 14.3 square kilometres. It has 48 parks covering nearly 45.8% of total area. The population of St Ives in 2011 was 15,558 people. By 2016 the population was 17,309 showing a population growth of 11.3% in the area during that time. The predominant age group in St Ives is 40-49 years. Households in St Ives are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in St Ives work in a professional occupation. In 2011, 85.8% of the homes in St Ives were owner-occupied compared with 82.9% in 2016.
St Ives has 7,628 properties. Over the last 5 years, Houses in St Ives have seen a 48.44% increase in median value, while Units have seen a 18.02% increase. As at 30 September 2024:
- The median value for Houses in St Ives is $3,058,295 while the median value for Units is $1,061,770.
- Houses have a median rent of $1,225 while Units have a median rent of $760.
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