This retail/residential building offers high visibility, heavy foot traffic and a rare opportunity to invest in the heart of Balmain Village. The property is currently leased as a florist well exposed to Darling Street with basement/storage and spacious upper level two-bedroom apartment with sunny north facing rear aspect with potential views to the harbour bridge and city skyline and separate rear access from the rear. Total building area of 230sqm(approx.) and land area of 138sqm(approx.). The current tenancy expires November 2027 with a 5-year option. The property also offers the potential to substantially renovate/redesign (STCA). Inner West council recently announced Darling Street as a Special Environment Precinct (SEP) which will serve as a catalyst to further improve the vitality of the area.
The size of Balmain is approximately 1.6 square kilometres. There are 15 parks, covering nearly 8.8% of the total area. The population of Balmain in 2016 was 10453 people. By 2021 the population was 10454 showing a population growth of 0.0% in the area during that time. The predominant age group in Balmain is 40-49 years. Households in Balmain are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balmain work in a professional occupation.In 2021, 56.60% of the homes in Balmain were owner-occupied compared with 55.60% in 2016.
Balmain has 6,044 properties. Over the last 5 years, Houses in Balmain have seen a 12.60% increase in median value, while Units have seen a 14.38% increase. As at 31 May 2026:
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