Redfern, NSW 2016

Retail

Sold $1,675,000

  • Property ID: 432246
  • Floor Area: 113m²
  • Land Area: 113m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 08/06/2023 113m2 113m2 N/A
Ideal Investment I Prime Commercial Freehold

Located on the bustling Cleveland Street, interconnecting from the City to the Eastern Suburbs, this prime two storey commercial freehold property offers an outstanding investment on the City fringe.

Featuring:

* Land size approx. 113m2
* Existing tenancy consists of ground floor commercial shop, currently operating as a restaurant
* Plus 3 separate tenancies upstairs consisting of 1 x studio units, 1 x 1 bedroom & 1 x 2 bedroom unit
* Rear lane access
* Commercial tenancy pays 60% of outgoings

Property of this calibre is rarely offerred to the market, all reasonable offers are invited and submitted to the owner.
Please contact the exclusive agents for further details.

Redfern Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $142 ---
Retail --- $338 ---
Offices $10769 $606 5.62%
This is the average advertised price, rent and yield for Redfern, NSW 2016*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Tools

  Colemon Property Group Pty Ltd

 

View Agency Profile

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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