842-844 Princes HighwayTempe NSW 2044
Property Details for 842-844 Princes Hwy, Tempe
842-844 Princes Hwy, Tempe is a 3 bedroom, 1 bathroom Unit. The property has a land size of 106m2 and floor size of 357m2. While the property is not currently for sale or for rent, it was last sold in September 2008.
Last Listing description (March 2022)
An outstanding opportunity to secure this property with existing commercial and residential accommodation, and DA approval for 8 brand new serviced apartments. Alternatively, explore the option of amending current plans and tap into its enormous potential with a range of options to redevelop or reposition.
Split over two levels, the ground floor consists of two retail shops, while the upstairs area provides a living room, kitchen, bathrooms and 7 bedrooms, making this property suitable for a variety of uses.
The property is within close vicinity of Sydney Airport, only 10km from Sydney CBD, offers easy access to the M5 Motorway, WestConnex and Princes Highway, and is just walking distance to Tempe railway station.
> Currently two ground floor retail premises with 7 bedrooms upstairs
> DA approved for 8 x serviced apartments
> Approximate land size of 264sqm
> Kitchen and bathroom facilities on both levels
> Substantial rear yard/courtyard area
> Ideal position 500m from Tempe Station and 1.6km from Sydenham Station
> Near various popular businesses including IKEA, The Good Guys, Decathlon, Harley Davidson, Tempe Tyres and Harry's Caf De Wheels
> Directly opposite Sydney Transit Bus Depot and 950m to Wolli Creek Woolworths
> 290m from the approved Bunnings Tempe site
> Zoned B6 Enterprise Corridor
> Potential to explore amendments to current approval or alternate redevelopment strategies
Property History for 842-844 Princes Hwy, Tempe, NSW 2044
- 11 Oct 2021Listed for Sale For Sale By Auction Tuesday 16th November 2021
- 24 Jan 2019Listed for Rent - Price not available
- 18 Feb 2018Listed for Rent - Price not available
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About Tempe 2044
The size of Tempe is approximately 1.8 square kilometres. It has 7 parks covering nearly 19.7% of total area. The population of Tempe in 2011 was 3,298 people. By 2016 the population was 3,567 showing a population growth of 8.2% in the area during that time. The predominant age group in Tempe is 30-39 years. Households in Tempe are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Tempe work in a professional occupation. In 2011, 73.1% of the homes in Tempe were owner-occupied compared with 70.2% in 2016.
Tempe has 1,821 properties. Over the last 5 years, Houses in Tempe have seen a 49.20% increase in median value, while Units have seen a 23.94% increase. As at 31 August 2024:
- The median value for Houses in Tempe is $1,715,198 while the median value for Units is $903,511.
- Houses have a median rent of $900 while Units have a median rent of $555.
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