9 Kenrick StreetThe Junction NSW 2291
Property Details for 9 Kenrick St, The Junction
Last Listing description (March 2022)
Knight Frank is pleased to present to the market a rare opportunity to purchase three adjoining shops either separately or in-one-line in the thriving retail precinct of The Junction.
The Property is positioned in a high foot traffic area surrounded by boutique retail shops, popular cafs, restaurants and bars trading 7 days a week, as well as commercial and medical offices and the Junction Fair Shopping Centre.
The Property consists of three ground floor strata units each with glazed shop fronts with excellent signage opportunity, common bathrooms, internal access to a rear car park and street level pedestrian access.
Shop 1 64 sqm*, offered with vacant possession, occupies a prominent corner position currently being used as a beauty salon
Shop 2 57 sqm*, offered fully leased until Dec 2024 with a net rental income of $40,304* per annum
Shop 3 51 sqm*, offered with vacant possession, currently used as a beauty salon
Ample onstreet parking for customers and opportunity to purchase additional car parks.
*approximately
Property History for 9 Kenrick St, The Junction, NSW 2291
- 29 Oct 2021Listed for Sale Please contact agent
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About The Junction 2291
The size of The Junction is approximately 0.3 square kilometres. It has 1 park covering nearly 4.4% of total area. The population of The Junction in 2011 was 1,495 people. By 2016 the population was 1,048 showing a population decline of 29.9% in the area during that time. The predominant age group in The Junction is 20-29 years. Households in The Junction are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in The Junction work in a professional occupation. In 2011, 50.1% of the homes in The Junction were owner-occupied compared with 57.9% in 2016.
The Junction has 714 properties. Over the last 5 years, Houses in The Junction have seen a 70.21% increase in median value, while Units have seen a 52.02% increase. As at 31 October 2024:
- The median value for Houses in The Junction is $1,876,291 while the median value for Units is $905,947.
- Houses have a median rent of $720 while Units have a median rent of $580.
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