Outstanding Freehold Opportunity - Landmark Position on Edinburgh Road
LJ Hooker are pleased to present this prime retail & commercial investment opportunity situated in the tight held, sought after retail strip of Edinburgh Road, Castlecrag. Situated on a total land area of 248 sqm, the premises comprises a ground floor retail space of 90 sqm (approx.) and a first floor commercial office of 48 sqm (approx.). In addition there is parking for up to four cars at the rear, a full kitchen and bathroom, abundance of storage and excellent natural light on the first floor due to the North West aspect. With dual street frontage on Edinburgh Road the retail and commercial space can be occupied separately or all in one line. Surrounded by long standing retailers Martha's, Pattiserie Francaise, Brenda Harrison, LJ Hooker and Castlecrag Meats the premises will be in high demand by tenants. Currently leased to Oven Fairy and Momo, the property is to be sold with VACANT POSSESSION presenting an outstanding opportunity to refurbish or redevelop (STCA). Property in this strip rarely changes hands. For further details or to arrange an inspection, please contact Heidi King 9958 1800 or Scott Stephens 9969 1500.
The size of Castlecrag is approximately 1.5 square kilometres. It has 16 parks covering nearly 18.9% of total area. The population of Castlecrag in 2016 was 2939 people. By 2021 the population was 2965 showing a population growth of 0.9% in the area during that time. The predominant age group in Castlecrag is 10-19 years. Households in Castlecrag are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Castlecrag work in a professional occupation.In 2021, 87.10% of the homes in Castlecrag were owner-occupied compared with 85.50% in 2016.
Castlecrag has 1,250 properties. Over the last 5 years, Houses in Castlecrag have seen a 42.50% increase in median value, while Units have seen a 35.78% increase. As at 31 December 2025:
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