116-122 George StreetHornsby NSW 2077
Property Details for 116-122 George St, Hornsby
Last Listing description (May 2009)
INVESTMENT - SOLD
THE SUBJECT PROPERTY'S IMPROVEMENTS INCLUDE A PURPOSE BUILT FREESTANDING TEN PIN BOWLING CENTRE. THE BOWLING CENTRE HAS RECENTLY BEEN REFURBISHED AND INCLUDES 60 CAR PARKING SPACES, 24 BOWLING LANES, FUNCTION AREA, GAMES ROOM, CAFé AND COMMERCIAL KITCHEN. ALTHOUGH THE PROPERTY PRESENTS AS A STRONG PASSIVE INVESTMENT WITH A SIGNIFICANT LEASE TERM TO A NATIONAL TENANT, IT ALSO OFFERS A POSSIBLE OFFICE OR RETAIL CONVERSION. THIS OPTION OF CONVERSION ALLOWS INVESTORS TO INCREASE THE TOTAL RETURN OVER THE LIFE OF THE INVESTMENT.
•10 YEAR LEASE TO ASX LISTED TENANT
•$300,000 PA ANNUAL RENT (PLUS 3.5% ANNUAL
INCREASES)
•24 LANE AMF BOWLING CENTRE WITH ASSOCIATED
AMENITIES
•60* CAR SPACES
FOR FURTHER INFORMATION ON THIS GREAT INVESTMENT, CONTACT NICHOLAS HEATON OR SIMON FENN ON 02 9954 3333
Property History for 116-122 George St, Hornsby, NSW 2077
- 09 Apr 2009Sold for $3,750,000
- 30 Jan 2009Listed for Sale EOI CLOSING 4PM 5TH MARCH 2009
- 08 Feb 2005Sold for $2,200,000
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About Hornsby 2077
The size of Hornsby is approximately 8.4 square kilometres. There are 31 parks, covering nearly 40.4% of the total area. The population of Hornsby in 2016 was 22168 people. By 2021 the population was 22462 showing a population growth of 1.3% in the area during that time. The predominant age group in Hornsby is 30-39 years. Households in Hornsby are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hornsby work in a professional occupation.In 2021, 54.60% of the homes in Hornsby were owner-occupied compared with 54.10% in 2016.
Hornsby has 12,507 properties. Over the last 5 years, Houses in Hornsby have seen a 5.02% increase in median value, while Units have seen a 6.10% increase. As at 31 August 2026:
- The median value for Houses in Hornsby is $1,690,348 while the median value for Units is $720,418.
- Houses have a median rent of $850 while Units have a median rent of $645.
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