SOLD
Sold on 25 Jun 2024 for $55,000,000

1-3 Smail Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: -
Save

Property Details for 1-3 Smail St, Ultimo

Building Type
Commercial
Local Government
Sydney
Lot/Plan
23/DP1128573

Last Listing description (April 2023)

High Quality Open Plan Warehouse Conversion

Karbon Property alongside Mirvac are pleased to offer leasing opportunities at 1-3 Smail Street, Ultimo.

This centrally located heritage building is a well-known asset of Ultimo. The building offers quality office space showcasing timber features, high ceilings and great natural light that provides for a fantastic creative working environment. 1-3 Smail Street offers a combination of open plan workspaces and offices, in conjunction with board and media rooms.


This is a perfect opportunity for a business to secure a space with an existing fit-out available for incoming tenants.

1-3 Smail Street has a variety of leasing options currently on offer:
- Ground Floor 194 sqm
- Level 5 1,100 sqm
- Level 7 482 sqm

LOCATION:
Located in the heart of ultimo, footsteps from Broadway Shopping Centre. The property is well serviced by public transport options, just a 3-minute walk to train, bus or tram. Leafy Smail Street is surrounded by retail and food options, just doors away from the property.

Property History for 1-3 Smail St, Ultimo, NSW 2007

A timeline of how this property has performed in the market
Last Sold
$55,000,000
25 Jun 2024
  • 22 Feb 2021
    Listed for Rent - Price not available
  • 30 Oct 2018
    Listed for Rent $26,000p.a. Net (exGST)
  • 02 Aug 2018
    Listed for Rent $26,000p.a. Net (exGST)
Sign in to see more transactions

Commute Calculator

About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2011 was 7,111 people. By 2016 the population was 8,837 showing a population growth of 24.3% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation. In 2011, 29.6% of the homes in Ultimo were owner-occupied compared with 25% in 2016.

Ultimo has 6,537 properties. Over the last 5 years, Houses in Ultimo have seen a 35.72% increase in median value, while Units have seen a 11.00% increase. As at 30 November 2024:

  • The median value for Houses in Ultimo is $1,886,381 while the median value for Units is $742,244.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 27 properties listed for sale, and 46 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 209 properties were sold in the past 12 months in Ultimo.

Suburb Insights for Ultimo 2007

Market Insights
Ultimo Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Ultimo Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.