424-426 Harris Street, Ultimo, NSW 2007 | Commercial for sale | OnTheHouse
 
FOR SALE
FOR SALE BY PRIVATE TREATY

424-426 Harris Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 830m2
Land area: 242m2
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Rare Strategic Freehold: Strata-Titled with 9B Approval & Future Upside

Ray White Commercial (SC) is proud to present 424-426 Harris Street, Ultimo. Clear instructions have been received: the vendor is genuine and all offers are encouraged.
This 830sqm* freehold building is not just a "blank canvas"-it is a multi-layered investment opportunity in the heart of Sydney's most significant regeneration precinct.
Key Investment Pillars:
• Flexible Strata Title: Currently comprising Lots 1-3 in Strata Plan 73085, offering the unique ability to owner-occupy one level while leasing or selling the others for an immediate return.
• Development Potential: Capitalise on current planning controls to further develop the site or adapt the existing 830sqm footprint for high-yield uses.
• Rare "Permission to Profit": Extremely difficult to replicate 9B Education Approval and an Existing Liquor Licence are already in place, providing a turnkey solution for education, corporate, or hospitality providers.
• Infrastructure Windfall: Positioned within the Ultimo-Pyrmont Peninsula Strategy, directly benefiting from over $3B in nearby projects including the Powerhouse Museum renewal and the new Sydney Fish Market.
• Connectivity: Just 400m* from the Light Rail and 4 minutes* from the future Pyrmont Metro Station, ensuring long-term capital appreciation.
The Building:
• Internal Area: 830sqm* across three light-filled levels.
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Property Details for 424-426 Harris St, Ultimo

Building Type
Commercial
Floor Size
830m2
Land Size
242m2
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About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. There are 3 parks, covering nearly 2.1% of the total area. The population of Ultimo in 2016 was 8845 people. By 2021 the population was 7410 showing a population decline of 16.2% 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 $3000 - $3999 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation.In 2021, 24.60% of the homes in Ultimo were owner-occupied compared with 25.00% in 2016.

Ultimo has 6,544 properties. Over the last 5 years, Houses in Ultimo have seen a 6.58% increase in median value, while Units have seen a -6.71% decrease. As at 30 April 2026:

  • The median value for Houses in Ultimo is $1,587,936 while the median value for Units is $692,782.
  • Houses have a median rent of $1,095 while Units have a median rent of $760.
There are currently 49 properties listed for sale, and 45 properties listed for rent in Ultimo on OnTheHouse. According to Cotality's data, 233 properties were sold in the past 12 months in Ultimo.

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