130 Railway ParadeKogarah NSW 2217
Property Details for 130 Railway Pde, Kogarah
Last Listing description (July 2022)
CPG are pleased to present for sale via public auction this freehold investment opportunity with a long term lease to an essential services tenant, in a prime position opposite Kogarah station on the bustling Railway Parade retail strip, among other notable businesses such as Westpac Bank, El-Janneh restaurant, Commonwealth bank, and many other takeaway and retail shops.
Ideal for investors, 130 Railway Parade is a well presented retail shop with a long term lease to local well known Farooq Pharmacy, a proven low risk essential services business with a NET income of $90,360.96 pa + GST and options to 2030.
The property also has plenty of future development upside both with the potential addition of a first floor residential or commercial space AND long term, large scale development potential when amalgamated with neighbouring properties, being zoned B4 with 2.5:1 FSR (STCA).
Features Include:
- 201m* land area
- 190m* total building area
- Prime position, 200m to Kogarah train-station
- Secure long term lease to Farooq Pharmacy
- NET income of $90,360.96 pa + GST
- 5 year lease expiring April 2025 with further 5 year option to April 2030
- Tenant responsible for 100% of outgoings as per the lease
- Well presented internal fit-out
- Low risk essential services tenant
- Rear lane access
- B4 mixed use zoning with a 2.5:1 FSR
- Both small and large scale future development potential (S.T.C.A)
For further information on this exciting opportunity, please contact exclusive sales agents Damen Astey on 0431 817 616 or Ryan McMahon on 0429 228 460.
Open For Inspections:
2:00pm to 2:30pm Thursday's
30th June, 7th, 14th & 21st July 2022
Auction:
Thursday 28th July 2022 at 12:30pm
Commercial Property Group Office
239 Rocky Point Road
Ramagate NSW 2217
*Approximate
Property History for 130 Railway Pde, Kogarah, NSW 2217
- 28 Jul 2022Sold for $2,090,000
- 24 Jun 2022Listed for Sale Auction: Thursday 28th July 2022 at 12:30pm
- 08 Nov 2007Listed for Rent - Price not available
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About Kogarah 2217
The size of Kogarah is approximately 2.7 square kilometres. It has 14 parks covering nearly 14.7% of total area. The population of Kogarah in 2016 was 15124 people. By 2021 the population was 16416 showing a population growth of 8.5% in the area during that time. The predominant age group in Kogarah is 30-39 years. Households in Kogarah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kogarah work in a professional occupation.In 2021, 48.40% of the homes in Kogarah were owner-occupied compared with 48.30% in 2016.
Kogarah has 10,527 properties. Over the last 5 years, Houses in Kogarah have seen a 60.09% increase in median value, while Units have seen a 17.83% increase. As at 30 November 2025:
- The median value for Houses in Kogarah is $1,921,937 while the median value for Units is $742,224.
- Houses have a median rent of $700 while Units have a median rent of $680.
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