185 Glebe Point RoadGlebe NSW 2037
Property Details for 185 Glebe Point Rd, Glebe
Last Listing description (May 2023)
Ray White Commercial Sydney City Fringe is pleased to present 185 Glebe Point Rd, Glebe to the market for sale.
A rare opportunity to acquire a prominent freehold - three level terrace in the city fringe, which has been held tightly for 31 years, has now come to the market.
This property has an established long-term tenant who has successfully operated a Wine Bar / Restaurant business for 18+ years. In addition, the property is licensed for food and beverage between the hours of 5am - 2am Monday to Saturday and 10am - midnight Sunday.
This property holds a coveted setting right in the heart of Glebe Point Road near the St Johns Road intersection, commanding an excellent street presence. This highly sought-after city fringe location offers easy access to Broadway Sydney Shopping Centre, Local Universities and Sydney CBD.
Key Highlights Include:
Freehold - Three Level Terrace
Net Passing Income $154,891.14 per annum**
In addition, the Tenant pays 100% of the Water, Trade Waste, Insurance and Fire Service.
Whole building is currently leased to proven Wine Bar / Restaurant operator trading as Different Drummer.
The Tenant has successfully operated a Wine Bar / Restaurant business for 18+ years
The ground floor has a fully functioning bar, 2 dining areas, store room, outdoor area, grease trap and separate male and female bathrooms.
The first floor has a commercial kitchen with cold storage, coffee bar and 2 dining areas.
The second floor has a dining area with terrace, office, dedicated bathroom and a store room formerly used as a shower/bathroom.
Current gross building area of 289 sqm* with side lane street access to St. Johns Road.
Virtual 3D Tour https://openhouse.littlehinges.com.au/v2/186_Glebe_Point_Road_GLEBE_NSW_2037
To discuss the property in further detail, please contact the listed agents below:
Dean Haustead
Sales & Leasing
Ray White Commercial Sydney City Fringe
M: 0416 287 557
E: dean.haustead@raywhite.com
Kristian Morris
Principal & Licensee In Charge
Ray White Commercial Sydney City Fringe
0411 415 297
kristian.morris@raywhite.com
Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.
*approx.
**final Net Passing Income will depend on individual tax status
Property History for 185 Glebe Point Rd, Glebe, NSW 2037
- 03 Feb 2023Sold for $2,500,000
- 02 Nov 2022Listed for Rent - Price not available
- 19 Jul 2022Listed for Sale AUCTION
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About Glebe 2037
The size of Glebe is approximately 1.7 square kilometres. There are 14 parks, covering nearly 17.1% of the total area. The population of Glebe in 2016 was 11532 people. By 2021 the population was 11680 showing a population growth of 1.3% in the area during that time. The predominant age group in Glebe is 20-29 years. Households in Glebe are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glebe work in a professional occupation.In 2021, 35.10% of the homes in Glebe were owner-occupied compared with 34.80% in 2016.
Glebe has 8,077 properties. Over the last 5 years, Houses in Glebe have seen a 13.72% increase in median value, while Units have seen a 7.16% increase. As at 31 July 2026:
- The median value for Houses in Glebe is $2,454,328 while the median value for Units is $1,149,657.
- Houses have a median rent of $1,100 while Units have a median rent of $750.
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