35 Botany RoadWaterloo NSW 2017
Property Details for 35 Botany Rd, Waterloo
Last Listing description (October 2019)
35 & 37 Botany Rd, Waterloo are two separate freehold buildings being sold together in a line (offers prior to auction for separate dwellings will also be considered). The dwellings are zoned for mixed use, with ground floor retail and upstairs residential. It is situated in a prime location, around the corner from the new Waterloo Metro Station (completion 2024), 3 mins walk to the Australian Technology Park (anchor tenant CBA, 18,000 staff to be relocated there by 2020) and only a 6 min walk to Redfern Station. This is a rare opportunity perfect for any investor, owner occupier, land banker or developer looking for good current income or great future growth.
Key Details
- B4 mixed use zoning
- Current passing income $152,400.36 gross*
- Rental reversion income $187,324.00 gross*
- Around the corner from new Waterloo Metro Station
- 4 min walk to Australian Technology Park
- 6 min walk to Redfern Station
- 9 mins drive to Sydney CBD
- Potential development opportunity for boutique hotel/student accomodation STCA
- Both retail shops tenanted with residential short term stay upstairs
SIZE AND LOT DETAILS
35 Botany Road - 202sqm*
37 Botany Road - 240sqm*
OUTGOINGS
35 Botany Rd
Water Rate - $456.25 pq*
Council Rate - $893.50 pq*
Land Tax - $4281.30 p.a*
37 Botany Rd
Water Rate - $472.51pq*
Council Rate - $810.40pq*
*approx
AUCTION DETAILS:
Date - Tuesday 1st of October 10:30am
Venue - Auctionworks Centre, 50 Margaret Street, Sydney
Property History for 35 Botany Rd, Waterloo, NSW 2017
- 29 Nov 2023Sold for $1,200,000
- 08 Oct 2019Sold for $1,825,000
- 02 Sep 2019Listed for Sale Not Disclosed
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0About Waterloo 2017
The size of Waterloo is approximately 1.1 square kilometres. It has 17 parks covering nearly 8% of total area. The population of Waterloo in 2011 was 10,657 people. By 2016 the population was 14,608 showing a population growth of 37.1% in the area during that time. The predominant age group in Waterloo is 20-29 years. Households in Waterloo are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Waterloo work in a professional occupation. In 2011, 20.5% of the homes in Waterloo were owner-occupied compared with 24.4% in 2016.
Waterloo has 10,446 properties. Over the last 5 years, Houses in Waterloo have seen a 34.71% increase in median value, while Units have seen a 16.91% increase. As at 31 October 2024:
- The median value for Houses in Waterloo is $1,537,266 while the median value for Units is $1,017,767.
- Houses have a median rent of $950 while Units have a median rent of $900.
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