5/1 Ridge StreetNorth Sydney NSW 2060
Property Details for 5/1 Ridge St, North Sydney
Last Listing description (November 2011)
PRICE REDUCED FOR QUICK SALE - GREAT VALUE SELF-CONTAINED BOUTIQUE OFFICE OR RETAIL AREA.
Be right amongst the leafy creative precinct of North Sydney with cafes, restaurants, bars and loads of easy parking.
Stylish fully partitioned and self-contained office suite set over 3 levels. Move straight in and get to work, it's all ready to go.
Can be used as a retail shop front with its own entry and glass frontage or as a professional office suite. Zoned mixed use, it could even be converted to residential in future STCA.
Very neat and compact area that comes with full fit out with glass partitioning and furniture is included plus built-in cupboards with shelving provide good storage. Plus ethernet data distribution hubs and computer outlets throughout and new fully ducted air conditioning system. It has a beautiful leafy north facing outlook.
Available as vacant possession or with current video production company paying $4,200 per month incl. GST till Feb. 2012.
Building Area: 105 m2 + 2 tandem parking spaces 30m2
The outgoings are:
Strata management admin fees $611 per quarter incl. gst Strata building sinking fund $735 per quarter incl. gst North Sydney council rates $905 per year incl. gst Sydney Water - water & sewerage $694 per year. No gst applicable.
Property History for 5/1 Ridge St, North Sydney, NSW 2060
- 19 Apr 2021Sold for $910,000
- 12 Dec 2011Sold for $522,500
- 05 Nov 2011Listed for Sale 495000
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About North Sydney 2060
The size of North Sydney is approximately 1.5 square kilometres. There are 21 parks, covering nearly 7.7% of the total area. The population of North Sydney in 2016 was 7705 people. By 2021 the population was 8964 showing a population growth of 16.3% in the area during that time. The predominant age group in North Sydney is 30-39 years. Households in North Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Sydney work in a professional occupation.In 2021, 36.30% of the homes in North Sydney were owner-occupied compared with 37.80% in 2016.
North Sydney has 8,163 properties. Over the last 5 years, Houses in North Sydney have seen a -15.15% decrease in median value, while Units have seen a -5.66% decrease. As at 31 August 2026:
- The median value for Houses in North Sydney is $2,788,593 while the median value for Units is $1,204,614.
- Houses have a median rent of $1,285 while Units have a median rent of $830.
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