SOLD
Sold on 28 Nov 2023 for $5,500,000

578 Harris Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 117m2
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Property Details for 578 Harris St, Ultimo

Building Type
Commercial
Land Size
117m2
Local Government
Sydney
Lot/Plan
1/DP731661

Last Listing description (October 2020)

3 Terraces to be offered in one line in the heart of Ultimo and at the foot of Chinatown & Haymarket. Amongst Sydney Iconic Fish Markets, Aquatic Centre, Powerhouse Museum, Star Casino & Darling Harbour.

Strong Investment opportunity to be offered for the first time in over 12 years featuring

- Wide triple street frontage

- Rear street secure parking for several cars
- Currently Rental return $380,000 + GST and all outgoings leased until 2031

To obtain a copy of the Information Memorandum or Contract, please do not hesitate to contact us.

Phillip Elmowy | 0425 285 444
Anthony Vella | 0412 232 904

co-agents
First National Pyrmont
Michael Grigoriadis | 0433 354 876
Con Grigoriadis | 0418 243 003

Property History for 578 Harris St, Ultimo, NSW 2007

A timeline of how this property has performed in the market
Last Sold
$5,500,000
28 Nov 2023
Listed for Rent
$2.68k/w
01 Feb 2006
  • 28 Nov 2023
    Sold for $5,500,000
  • 15 Mar 2021
    Sold for $2,600,000
  • 29 Jun 2020
    Listed for Sale Price Upon Application
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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 6,539 properties. Over the last 5 years, Houses in Ultimo have seen a 42.19% increase in median value, while Units have seen a 6.20% increase. As at 30 September 2024:

  • The median value for Houses in Ultimo is $1,922,633 while the median value for Units is $736,102.
  • Houses have a median rent of $868 while Units have a median rent of $730.
There are currently 38 properties listed for sale, and 47 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in Ultimo.

Suburb Insights for Ultimo 2007

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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.