37/23 Norton StreetLeichhardt NSW 2040
Property Details for 37/23 Norton St, Leichhardt
Last Listing description (August 2025)
A great opportunity for the savvy investor or occupier to secure a fantastic entry point commercial premise in the iconic " Italian Forum " complex providing a mixture of residential and commercial premises on the highly sought after position of Norton Street. An ideal position offering various potential usages including but not limited to food, retail or even health and professional services ( S.T.C.A. ) it provides a great entry point for a commercial property in a popular location with immense future capital growth and returns. Featuring a convenient ground level position from Norton Street with a Piazza facing shop front it offers 50sqm of prime retail space with a full functional kitchen including three phase power and exhaust provision. Existing lease until July 2024 it would be a great investment choice to renew or perfect to return and occupy!
Property Features:
- Ground floor location with access from Norton Street,
- 7.1m frontage in Piazza.
- Existing kitchen with grease trap, exhaust provisions and three phase power.
- Current lease until 30th September 2026.
- Annual gross income of $24,509.52 + GST
Quarterly Outgoings ( approximate )
- Council Rate: $436.00
- Water Rates: $222.84
- Strata Levies: $3,150.00
Property History for 37/23 Norton St, Leichhardt, NSW 2040
- 06 Aug 2025Sold for $300,000
- 07 May 2020Sold for $285,000
- 06 Sep 2005Sold for $180,000
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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 9,047 properties. Over the last 5 years, Houses in Leichhardt have seen a 40.38% increase in median value, while Units have seen a 27.96% increase. As at 31 January 2026:
- The median value for Houses in Leichhardt is $2,222,190 while the median value for Units is $1,155,806.
- Houses have a median rent of $925 while Units have a median rent of $750.
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