563-565 Bourke StreetSurry Hills NSW 2010
Property Details for 563-565 Bourke St, Surry Hills
563-565 Bourke St, Surry Hills is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 264m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Last Listing description (November 2018)
Gunning Real Estate is delighted to present to the market for sale by Public Auction, 563-565 Bourke Street, Surry Hills.
The asset is a fully leased investment with income streams from 5 separate tenancies. The property is anchored by Surry Hills oldest pub in The Carrington Hotel.
Positioned in the core of Surry Hills, the property benefits from three street frontages to Bourke & Arthur Streets and Aurther Lane to the rear. Less than 200m from the newly built Light Rail on Devonshire Street.
Investment highlights include;
- Gross Passing Income: $355,486.00 per annum*
- Land size: 273sqm*
- Gross building Area: 708sqm*
- 5 separate tenants
- Prominent corner position
*approximate
The property will be auctioned on Tuesday - 28th August, 2018. The auction will be held at AuctionWORKS, Mezzanine level, 50 Margaret Street, Sydney.
To obtain and information memorandum or to arrange a time to inspect, please feel free to contact the agents;
Property History for 563-565 Bourke St, Surry Hills, NSW 2010
- 13 Aug 2018Listed for Sale SOLD
- 10 Aug 2018Sold for $6,500,000
- 21 Jan 2017Listed for Rent - Price not available
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0About Surry Hills 2010
The size of Surry Hills is approximately 1.3 square kilometres. It has 17 parks covering nearly 9.2% of total area. The population of Surry Hills in 2011 was 15,342 people. By 2016 the population was 16,417 showing a population growth of 7.0% in the area during that time. The predominant age group in Surry Hills is 30-39 years. Households in Surry Hills are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surry Hills work in a professional occupation. In 2011, 34.9% of the homes in Surry Hills were owner-occupied compared with 32.3% in 2016.
Surry Hills has 13,710 properties. Over the last 5 years, Houses in Surry Hills have seen a 45.32% increase in median value, while Units have seen a 16.11% increase. As at 31 August 2024:
- The median value for Houses in Surry Hills is $2,327,840 while the median value for Units is $1,011,074.
- Houses have a median rent of $1,013 while Units have a median rent of $750.
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