SOLD
Sold on 30 May 2024 for $5,125,000

2A Cannon Street
Stanmore NSW 2048

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 667m2
Land area: 430m2
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Property Details for 2a Cannon St, Stanmore

Building Type
Commercial
Floor Size
667m2
Land Size
430m2
Local Government
Inner West
Lot/Plan
1/DP731153

Last Listing description (December 2019)

This superbly refurbished converted warehouse building offers 667sqm of NLA over two levels on an island site, adjacent to Parramatta Rd allowing convenient access to the CBD, M4/M5 freeways and Eastern distributor.
With exceptional design features and multi-use opportunities, It has the ability for a live and work operating design with an immaculately presented first floor.

Currently tenanted by Five Senses Coffee, the property provides a secure lease tenure and income with a massive potential development upside at the end of the lease.

The property is currently earmarked for planning under the Parramatta Road Urban Transformation Strategy with a proposed increase in height to 22m and FSR to 3:1.

TENURE: 100% freehold interest.
ZONING: B2 local centre
LAND: 430sqm
NLA: 667sqm
PARKING: 1

Enquire through the exclusive agents for a sales information memorandum.

Property History for 2a Cannon St, Stanmore, NSW 2048

A timeline of how this property has performed in the market
Last Sold
$5,125,000
30 May 2024
Listed for Rent
17 Jul 2014
  • 30 May 2024
    Sold for $5,125,000
  • 31 Jan 2020
    Sold for $4,450,000
  • 12 Nov 2019
    Listed for Sale Contact Agent
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About Stanmore 2048

The size of Stanmore is approximately 1.2 square kilometres. It has 11 parks covering nearly 4.1% of total area. The population of Stanmore in 2011 was 7,702 people. By 2016 the population was 7,927 showing a population growth of 2.9% in the area during that time. The predominant age group in Stanmore is 20-29 years. Households in Stanmore are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Stanmore work in a professional occupation. In 2011, 53.9% of the homes in Stanmore were owner-occupied compared with 51% in 2016.

Stanmore has 4,068 properties. Over the last 5 years, Houses in Stanmore have seen a 59.20% increase in median value, while Units have seen a 20.97% increase. As at 31 July 2024:

  • The median value for Houses in Stanmore is $2,261,744 while the median value for Units is $847,158.
  • Houses have a median rent of $1,000 while Units have a median rent of $590.
There are currently 11 properties listed for sale, and 19 properties listed for rent in Stanmore on OnTheHouse. According to CoreLogic's data, 163 properties were sold in the past 12 months in Stanmore.

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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.