FREEHOLD SHOP ON LATROBE TERRACE!!
Located in the heart of Paddington, this shop offers fabulous retail and investment opportunity in this highly desirable and sought after shopping precinct!
Currently under lease to a realiable Paddington retailer, the possibility exists to keep the property tenanted or to eventually operate your own business from this highly visible and central location on Latrobe Terrace.
The size of Paddington is approximately 2.5 square kilometres. It has 10 parks covering nearly 1.4% of total area. The population of Paddington in 2011 was 7,986 people. By 2016 the population was 8,554 showing a population growth of 7.1% in the area during that time. The predominant age group in Paddington is 20-29 years. Households in Paddington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation. In 2011, 51.4% of the homes in Paddington were owner-occupied compared with 52.4% in 2016.
Paddington has 4,557 properties. Over the last 5 years, Houses in Paddington have seen a 59.00% increase in median value, while Units have seen a 55.78% increase. As at 31 October 2024:
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