185 Victoria RoadDrummoyne NSW 2047
Property Details for 185 Victoria Rd, Drummoyne
Last Listing description (July 2014)
INVESTMENT
On the market for the first time in over 30 years, this two-storey traditional brick commercial terrace, operating as the only Council Approved bordello in Drummoyne, offers the opportunity to buy a high profile property with a long term tenant and excellent rental history.
+ Council Approved sex services premises currently leased to Darlings on a long term lease
+ Approx 25m x 5m site stretching from Victoria Road to Formosa Street, with its large Council car park
+ Ground floor with reception/staff room plus four rooms, each with shower and wash basin, and toilet
+ Upper level with three rooms with showers, staff room, waiting room and two toilets
+ Ground floor entrance from Victoria Road plus rear gated, covered stairway from Formosa Street
+ Development Consent for use as a sex services premises, is attached to the building or land (rather than the operator) and is usually permanent
+ Under the Canada Bay Draft Local Environment Plan 2012 (due to be gazetted in 2013), the property is zoned B4, Mixed Use. Zoning allows for mixed use activities including shop top housing with ground floor retail
+ Under the Development Control Plan for Victoria Road, Drummoyne, Part 7 (amended December 2009), the property falls into Area 3. This allows a maximum building height of 4-storeys at Victoria Road tapering down to 2-storeys along Formosa Street
+ The sums add up to a solid investment with a long term tenant, approved bordello use, good yields and potential for capital growth
Property History for 185 Victoria Rd, Drummoyne, NSW 2047
- 10 Apr 2025Sold for $1,600,000
- 17 Sep 2021Sold for $550,000
- 20 Jan 2020Sold
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0About Drummoyne 2047
The size of Drummoyne is approximately 2.3 square kilometres. There are 19 parks, covering nearly 9.5% of the total area. The population of Drummoyne in 2016 was 11950 people. By 2021 the population was 12011 showing a population growth of 0.5% in the area during that time. The predominant age group in Drummoyne is 30-39 years. Households in Drummoyne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Drummoyne work in a professional occupation.In 2021, 61.90% of the homes in Drummoyne were owner-occupied compared with 59.80% in 2016.
Drummoyne has 7,150 properties. Over the last 5 years, Houses in Drummoyne have seen a 11.13% increase in median value, while Units have seen a 16.56% increase. As at 30 June 2026:
- The median value for Houses in Drummoyne is $3,028,781 while the median value for Units is $1,343,399.
- Houses have a median rent of $1,500 while Units have a median rent of $850.
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