111 Norton Street, Leichhardt, NSW 2040 | Property Value & History | OnTheHouse
 
OFF MARKET

111 Norton Street
Leichhardt NSW 2040

Bedrooms: -
Bathrooms: -
Car spaces: 6
Land area: 572m2
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Property Details for 111 Norton St, Leichhardt

Building Type
Commercial
Land Size
572m2
Local Government
Inner West
Lot/Plan
B/DP325177

Last Listing description (March 2020)

- Strong passing income with 7 years remaining on lease to Chemist Warehouse.
- Significant inner city block occupying circa 572m of land.
- Ability to add value by future redevelopment (STCA).


Mercer Property is delighted to offer to the market for sale, via public Auction; 111 Norton Street, Leichhardt.

Located on a commanding corner block in the heart of Leichhardt village, 111 Norton Street consists of a single two story commercial building with adjacent car park. The property has long been the home of Chemist Warehouse (since 2007) and provides a long 10-year lease to the national pharmaceutical retail group (commenced 2017).

Boasting 572sqm (approx.) of land, and providing a 30-metre frontage to Norton Street and 18-metre frontage to Wetherill Street, the property's dual street frontage offers significant flexibility and upside for future redevelopment (STCA) on the undercapitalised block.

The property is zoned as B2 Local Centre, which allows for a broad range of commercial, retail and residential uses. It's an ideal property for a long term investor looking for future value add opportunities.

111 Norton Street, Leichhardt is being marketed for sale via public Auction and inspections are strictly by appointment.

Auction Venue: AuctionWORKS - Mezzanine Level, 50 Margaret Street, Sydney
Auction Time: 10:30am sharp
Auction Date: 17th March, 2020

A comprehensive information memorandum & sales contracts can be made available through the exclusive agents;

Matt Davoren: 0410 488 437
Tom Speakman: 0412 891 330

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Property History for 111 Norton St, Leichhardt, NSW 2040

A timeline of how this property has performed in the market
Last Sold
$5,010,000
17 Mar 2020
  • 17 Mar 2020
    Sold for $5,010,000
  • 14 Feb 2020
    Listed for Sale Contact Agent
  • 22 May 2001
    Sold for $1,910,000
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About Leichhardt 2040

The size of Leichhardt is approximately 2.6 square kilometres. It has 16 parks covering nearly 6.6% of total area. The population of Leichhardt in 2016 was 14625 people. By 2021 the population was 15158 showing a population growth of 3.6% in the area during that time. The predominant age group in Leichhardt is 30-39 years. Households in Leichhardt are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Leichhardt work in a professional occupation.In 2021, 57.90% of the homes in Leichhardt were owner-occupied compared with 57.60% in 2016.

Leichhardt has 9,029 properties. Over the last 5 years, Houses in Leichhardt have seen a 43.72% increase in median value, while Units have seen a 25.75% increase. As at 31 December 2025:

  • The median value for Houses in Leichhardt is $2,257,081 while the median value for Units is $1,148,877.
  • Houses have a median rent of $910 while Units have a median rent of $750.
There are currently 25 properties listed for sale, and 31 properties listed for rent in Leichhardt on OnTheHouse. According to Cotality's data, 399 properties were sold in the past 12 months in Leichhardt.

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