66-70 Regent StreetChippendale NSW 2008
Property Details for 66-70 Regent St, Chippendale
Last Listing description (September 2022)
Ray White Commercial (SC) is proud to present to market this substantial land banking opportunity at the southern entrance to the Sydney's CBD. The property will be offered for Sale.
This city fringe, mixed-use freehold investment property is currently anchored by national service station operator, Budget Petrol, returning a substantial income with the current lease expiring in 2027.
Presenting a precious opening to acquire one of the largest land holdings in the city-fringe, this significant gateway investment property, with strong, secure passing income, is an opportunity to buy one of the most sought after asset classes now with the prospect of future upside through development or repositioning under the flexible B4 zoning (S.T.C.A).
Chippendale is a magnet for savvy investors and has benefited from year-on-year growth. With favourable existing planning controls, the future for this location is promising under the proposal in the Draft Central Sydney Planning Strategy to consolidate this location within the boundary of 'Central Sydney' allowing for further potential uplift. Directly adjoining the southern edge of the Sydney CBD, the densely populated suburb of Chippendale is a thriving metropolitan area within the City of Sydney local government area. Surrounded by the affluent and ever popular suburbs of Surry Hills, Redfern and
Ultimo, Chippendale is strategically positioned to benefit from a mix of significant urban renewal and infrastructure investment in the coming years.
Additional highlights of the asset include:
Strong anchor lease to well known brand Budget Petrol
Passing net income of $323,115.50 per annum*
Site area of 956.96 sqm*
Low outgoings
Zoned B4 Mixed Use
FSR - 2:1
Height limit - 15m
Future repositioning or development upside (S.T.C.A)
800m* to Central Station, 550m* to Redfern Station
For further information, contact the exclusive selling agents.
* Approx
^S.T.C.A
Property History for 66-70 Regent St, Chippendale, NSW 2008
- 04 Mar 2022Listed for Sale CONTACT AGENTS
- 03 Oct 2018Listed for Sale By Negotiation
- 15 May 1992Sold for $140,000
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 5,642 properties. Over the last 5 years, Houses in Chippendale have seen a 9.66% increase in median value, while Units have seen a -2.65% decrease. As at 31 March 2026:
- The median value for Houses in Chippendale is $1,763,751 while the median value for Units is $798,782.
- Houses have a median rent of $1,100 while Units have a median rent of $895.
Suburb Insights for Chippendale 2008
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