35/23 Norton Street, Leichhardt, NSW 2040 | Property Value & History | OnTheHouse
OFF MARKET

35/23 Norton Street
Leichhardt NSW 2040

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 97m2
Land area: 11157m2
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Property Details for 35/23 Norton St, Leichhardt

Building Type
Commercial
Year Built
1999
Floor Size
97m2
Land Size
11157m2
Local Government
Inner West
Lot/Plan
8/SP60919

Last Listing description (December 2024)

All offers will be considered.

Options to convert for alternative uses such as health and medical practice or commercial office space (Subject to Council Approval).

Unmissable Opportunity at Leichhardt in Sydney's Inner West.

Offering a remarkable, rare opportunity situated in an Iconic Inner West Complex "The Italian Forum", is this golden mile commercial premises, that is impeccably appointed for operation as a food, caf, restaurant, or retail establishment.

This opportunity presents after 25 years in current ownership, this is one not to be missed.

To be sold with freehold and business WIWO. Perfect for owner occupiers seeking a sit-down established restaurant/ takeaway/catering business or convert for alternative uses.

PROPERTY:

- Generous 97sqm strata premises with indoor seating area and expansive outdoor alfresco dining area adjacent (Note: outdoor area not on tile but under license).
- Pristine commercial grade kitchen, cool room, extensive preparation areas, bar/counter and storage.
- Internal direct loading dock access via shop, perfect for a take-away delivery service.
- Secure car space on title.
- Three phase power.
- Corner location with a dominant frontage within a Plaza setting off Norton Street together with direct access via Balmain Road.
- Popular inner west location surrounded by a myriad of successful deli's, restaurants, shops, bars and cafes.
- Currently owner occupied by a well-regarded Italian Restuarant who have been in occupation for 25 years.
- To be sold with Vacant Possession on a fully WIWO basis so that you can start your dream venture immediately.

This is a value offering and must do inspection.

DISCLAIMER: While Rx Property Australia & Asham Agencies have taken all care in preparing this information and used their best endeavors to ensure that the information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Rx Property Australia & Asham Agencies urge prospective purchasers to make their own inquiries to verify the information contained herein.

Property History for 35/23 Norton St, Leichhardt, NSW 2040

A timeline of how this property has performed in the market
Last Sold
$499,950
27 Aug 1999
Listed for Rent
$900/w
08 Aug 2022
  • 12 Jun 2024
    Listed for Sale Price Drop!$450k+GST(if applies) All offers cons.
  • 01 Aug 2022
    Listed for Rent $900 / week
  • 11 Sep 2019
    Listed for Sale Auction - Contact Agent
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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 9,031 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 27 properties listed for sale, and 31 properties listed for rent in Leichhardt on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in Leichhardt.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.