14-20 William LaneWoolloomooloo NSW 2011
Property Details for 14-20 William Lane, Woolloomooloo
14-20 William Lane, Woolloomooloo is a 3 bedroom, 3 bathroom House and was built in 1925. The property has a land size of 156m2 and floor size of 341m2. While the property is not currently for sale or for rent, it was last sold in April 2013.
Last Listing description (July 2013)
Suit Investors, Owner Occupiers/Income, Residential Conversion With Strata Potential *STCA
Location: The property is situated to the north of William Street and enjoys accessible city fringe convenience less than 2km from the CBD, walk 200m to East Sydneys vibrant eateries in Stanley Street, Darlinghurst, Potts Point/Kings Cross Train Station and Woolloomooloo Bay. Adjacent to the entrance of the Eastern Distributor and main arterial roads.
Description: This Substantial four level warehouse office conversion offers creative space being fully refurbished to the highest of standards, constructed in brick and iron bark timber frame. The property features courtyard style entry and both tenancies have interconnecting stairs with own amenities and ducted air conditioning. The upper levels enjoy a northern aspect that takes in views of the City Skyline. With possible parking via former loading dock of warehouse. The property offers multiple opportunities either as an investment, owner occupier, home and income, possible residential conversion and strata potential upside (STCA).
Tenants: Levels 1 & 2 offer either a new 2 x 2 year lease term at $85,000 per annum +50% outgoings or alternatively can be offered with vacant possession.
Levels 3 & 4 are leased at $84,028 per annum + pay 50% outgoings.
Lease expires 31/12/2012.
Current combined rental income is $169,028 net per annum + GST
Site Area: 152sqm approx. (subject to survey)
Net Lettable Area: 395sqm approx. estimated (subject to survey)
Outgoings:
Council Rates: $ 3,778.00
Water Rates: $ 812.00
Land Tax: $2,846.64
Insurance: $3,674.42
Fire Service Contract: $1,800.00
Asking Price: Offers Close 23rd August 2012 (if not sold prior)
Zoning: Flexible zoning 10 Mixed Uses under City of Sydney LEP
Comment: Outstanding East Sydney freehold opportunity ideal for the prudent investor, owner occupier or the ultimate City Fringe live work scenario with flexibility to suit.
Inspect: By Private Appointment
*We do not guarantee or give warranty to the accuracy of the details provided, interested parties must rely on their own enquiries.
Property History for 14-20 William Lane, Woolloomooloo, NSW 2011
- 05 Apr 2013Sold for $2,162,500
- 20 Jul 2012Listed for Sale $2,295,000
- 27 Nov 2008Listed for Sale 2600000
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About Woolloomooloo 2011
The size of Woolloomooloo is approximately 0.4 square kilometres. It has 9 parks covering nearly 4.6% of total area. The population of Woolloomooloo in 2011 was 3,715 people. By 2016 the population was 4,042 showing a population growth of 8.8% in the area during that time. The predominant age group in Woolloomooloo is 20-29 years. Households in Woolloomooloo are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Woolloomooloo work in a professional occupation. In 2011, 25% of the homes in Woolloomooloo were owner-occupied compared with 25.9% in 2016.
Woolloomooloo has 4,088 properties. Over the last 5 years, Houses in Woolloomooloo have seen a 42.57% increase in median value, while Units have seen a 15.09% increase. As at 31 August 2024:
- The median value for Houses in Woolloomooloo is $2,691,083 while the median value for Units is $1,224,121.
- Houses have a median rent of $895 while Units have a median rent of $750.
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