2/37 Glebe Point Road, Glebe, NSW 2037 | Property Value & History | OnTheHouse
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2/37 Glebe Point Road
Glebe NSW 2037

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Bathrooms: -
Car spaces: -
Land area: 225m2
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Nov 14

Property Details for 2/37 Glebe Point Rd, Glebe

Building Type
Commercial
Land Size
225m2
Local Government
Sydney
Lot/Plan
2/SP48184

Last Listing description (August 2015)

Glebe / Ultimo Retail Investment. Lock Up Shop with High Foot Traffic
Strata Ground Floor Shop
Best part of Glebe Point Road, Glebe just off Broadway (Ultimo Area)

Lock up shop (Strata Lock Up) offering 5.61% Return per year (Rent review 2016)
Fully Leased Investment
Option to renew a further 3 years
Plus 4% annual increases (4% each year)
Currently Ice Cream & Coffee shop
Self contained with own kitchen manufacturing area plus own internal bathroom.
Adjoins Badde Manors close to Broadway Shopping Centre
Easy access to Sydney University University of Technology Sydney, International Grammar School Australian Performing Arts Grammar School
Lease details:
Leased for 3 years + option for further 3 years from 2016 to 2019
Annual rent $53,318.55 + GST (Current)
Annual increases of 4% (Increases again August 2015)
Option to renew further 3 years from 31 August 2016 to 30 August 2019
Outgoings Details:
Sydney City Council Rates $2,212.59 per year Approx
Sydney Water Rates $390.40 per year Approx
Strata Insurance (premium $2,262.73 per year) Approx (35% of total for building) Approx

Historic heritage facade two storey shop style (Part of a two shop strata)
Prominent Glebe Point Rd Glebe
Adjoins Badde Manors long established Cafe adjoins and is part of the strata building

Close proximity to Parramatta Rd and Sydney University.
Adjoins Badde Manors a long established Cafe
Cose to Broadway Shopping Centre
Easy access to Sydney University University of Technology Sydney International Grammar School Australian Performing Arts Grammar School

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Property History for 2/37 Glebe Point Rd, Glebe, NSW 2037

A timeline of how this property has performed in the market
Last Sold
$1,398,000
06 Apr 2017
  • 06 Apr 2017
    Sold for $1,398,000
  • 18 Jun 2015
    Sold for $880,000
  • 27 Nov 2014
    Listed for Sale Not Disclosed
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About Glebe 2037

The size of Glebe is approximately 1.7 square kilometres. It has 14 parks covering nearly 17.1% of 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 7,997 properties.

    There are currently 22 properties listed for sale, and 29 properties listed for rent in Glebe on OnTheHouse. According to CoreLogic's data, 209 properties were sold in the past 12 months in Glebe.

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