117 Majors Bay RoadConcord NSW 2137
Property Details for 117 Majors Bay Rd, Concord
Last Listing description (December 2018)
Auction 11am AEDT Tuesday 23 October 2018, Sydney
Renewed 5 and 3 year leases + options to McGrath and Frappe Cafe
Outstanding 2 storey investment recently built to an exceptional standard
Valuable 40 m corner frontage on main intersection of Majors Bay Road
Exceptionally vibrant retail village precinct comprising cafes & restaurants servicing affluent waterside catchment along Parramatta River
Bustling commercial hub with 94,225 residents located with a 10 minute drive from property
Attractive 4% fixed annual increases assuring future rental growth
Net leases with both tenants paying outgoings, as per leases
Building completed 2014 offering substantial tax depreciation benefits
Net Income: $268,392 pa + GST
Property History for 117 Majors Bay Rd, Concord, NSW 2137
- 23 Oct 2018Sold for $5,500,000
- 25 Sep 2018Listed for Sale Auction 23/10/18
- 09 May 2014Listed for Rent $98,000 / year
Recent sales nearby
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About Concord 2137
The size of Concord is approximately 5.0 square kilometres. There are 24 parks, covering nearly 30.2% of the total area. The population of Concord in 2016 was 14533 people. By 2021 the population was 14551 showing a population growth of 0.1% in the area during that time. The predominant age group in Concord is 50-59 years. Households in Concord are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Concord work in a professional occupation.In 2021, 74.60% of the homes in Concord were owner-occupied compared with 73.40% in 2016.
Concord has 6,414 properties. Over the last 5 years, Houses in Concord have seen a 20.50% increase in median value, while Units have seen a 9.47% increase. As at 31 July 2026:
- The median value for Houses in Concord is $3,096,124 while the median value for Units is $1,235,603.
- Houses have a median rent of $1,100 while Units have a median rent of $725.
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