63 Kensington StreetChippendale NSW 2008
Property Details for 63 Kensington St, Chippendale
Last Listing description (March 2023)
Chippendale Freehold Investment - Triple Net Lease
I.B Property and CBRE are pleased to offer this fully leased creative HQ investment opportunity in one of Sydney's most thriving City Fringe locales.
Rebuilt in 1936, this art deco-style building is formerly known as the Castle Connell Hotel. Once an old pub, the two-storey building has since been stylishly transformed into a creative office whilst keeping its original faade. The property is fully leased to an established operator, Frasers Property Management, under a multi-national developer-operator of real estate products and services. This favourable investment opportunity boasts a secure income stream with potential for future capital growth in a thriving City Fringe locale. Ideally located in the heart of Chippendale and surrounded by upcoming million-dollar infrastructure, the property is set for significant future growth.
Key Highlights
Located within Sydney's 'Tech Central' Precinct Australia's largest technology and innovation hub
Surrounded by ~$5b of public and private infrastructure development upgrades
Secure tenanted investment leased by Frasers Property Management Services Pty Ltd
Favourable 5-year Triple Net lease (plus options)
Expressions of Interest closing Monday, 26th September 2022 at 4pm (AEST).
For more information or to register for the next inspection, please contact the exclusive selling agents.
Property History for 63 Kensington St, Chippendale, NSW 2008
- 24 Aug 2022Listed for Sale Contact Agent
- 26 Apr 2021Listed for Sale Public Auction 10 June 2021
- 21 Jun 2019Listed for Rent - Price not available
Recent sales nearby
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About Chippendale 2008
The size of Chippendale is approximately 0.5 square kilometres. It has 5 parks covering nearly 2.9% of total area. The population of Chippendale in 2016 was 8617 people. By 2021 the population was 7803 showing a population decline of 9.4% in the area during that time. The predominant age group in Chippendale is 20-29 years. Households in Chippendale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chippendale work in a professional occupation.In 2021, 21.50% of the homes in Chippendale were owner-occupied compared with 23.90% in 2016.
Chippendale has 5,646 properties. Over the last 5 years, Houses in Chippendale have seen a 28.61% increase in median value, while Units have seen a -3.77% decrease. As at 31 December 2025:
- The median value for Houses in Chippendale is $1,868,566 while the median value for Units is $801,979.
- Houses have a median rent of $880 while Units have a median rent of $900.
Suburb Insights for Chippendale 2008
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