357 Sydney RoadBalgowlah NSW 2093
Property Details for 357 Sydney Rd, Balgowlah
Last Listing description (January 2022)
Ray White Commercial as exclusive selling agent, is pleased to present 357 Sydney Road, Balgowlah for Sale by Private Treaty.
Perfectly positioned in one of Sydney's best lifestyle suburbs, 357 Sydney Road, Balgowlah presents as an outstanding investment opportunity. The freehold property comprises a mixed use building with four tenancies. The ground floor is occupied by the successful contemporary caf Balgowlah Social; and a separate refurbished two bedroom apartment/ office. The first floor comprises of a newly refurbished office suite with a reception area occupied by financial services business Equity Story, with three separate offices, exclusive use bathroom and kitchenette. There is also a recently refurbished very large one bedroom apartment with chic interiors and expansive district views. The lower ground floor has rear lane access with garaging for up to 3 cars plus a large amount of storage and a separate bathroom.
The property is located in the commercial hub of Balgowlah surrounded by cafes, restaurants and retailers and situated adjacent to Stockland Balgowlah which offers a Coles supermarket, Harbord Growers Market, Fitness First Platinum and 65 specialty stores, including a quality fresh food market, a fashion precinct and over 700 retail car parking spaces. There is also a free council carpark on Condamine street, opposite the rear lane access of the property.
City buses at the front door and a few minutes to Manly including its famous beaches and ferry to the city.
The property offers huge flexibility with an estimated net income on a fully leased basis of approximately $153,944.32 per annum + GST*.
Property Highlights:
Three storey mixed use retail, commercial and residential freehold building
Rear lane access with garaging for 3 cars + storage
Prime position on Sydney Road, Balgowlah commercial hub
Located adjacent to Stockland Balgowlah with over 700 car spaces
Ground Level - incorporates a retail shop tenanted by established cafe Balgowlah Social and a separate two bedroom residential apartment/ office space
Grease trap and exhaust
First Floor - consisting of a commercial suite with a brand new fit out, leased to financial services business Equity Story, and a newly renovated large one bedroom residential apartment with district views
The large one bedroom apartment is fully fitted out with all standard appliances such as dishwasher, microwave, fridge, washer/dryer, lighting rang hood, and fixtures.
Basement - consists of a large garage, storage and separate bathroom which is able to be leased separately (subject to approval)
Tenancy Highlights:
Balgowlah Social - a successful and contemporary eatery and espresso bar with a strong local following
Grease Trap and Exhaust with a fully fitted commercial kitchen
Separate male and female toilets
1 x 2 bedroom/ office apartment
1 x 1 bedroom apartment
1 x 60 sqm* commercial office
Equity Story is a Sydney-based stock market research and reporting firm occupying the 60sqm* commercial suite
Consists of three separate offices and a reception area
3 car spaces + storage
*All figures are approximate
For further information please contact Scott Stephens or Logan Grisaffe, 02 9969 1500.
Property History for 357 Sydney Rd, Balgowlah, NSW 2093
- 18 Jan 2022Sold for $3,100,000
- 20 Oct 2021Listed for Sale Contact Agent
- 22 Jul 2020Listed for Rent - Price not available
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About Balgowlah 2093
The size of Balgowlah is approximately 1.9 square kilometres. There are 12 parks, covering nearly 13.0% of the total area. The population of Balgowlah in 2016 was 7961 people. By 2021 the population was 8068 showing a population growth of 1.3% in the area during that time. The predominant age group in Balgowlah is 40-49 years. Households in Balgowlah are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balgowlah work in a professional occupation.In 2021, 66.90% of the homes in Balgowlah were owner-occupied compared with 65.80% in 2016.
Balgowlah has 4,349 properties. Over the last 5 years, Houses in Balgowlah have seen a 13.58% increase in median value, while Units have seen a 8.69% increase. As at 30 June 2026:
- The median value for Houses in Balgowlah is $3,478,758 while the median value for Units is $1,642,604.
- Houses have a median rent of $1,563 while Units have a median rent of $875.
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