351 Cleveland StreetRedfern NSW 2016
Property Details for 351 Cleveland St, Redfern
351 Cleveland St, Redfern is a bedroom, bathroom Unit and was built in 1930. The property has a land size of 46m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (September 2016)
The property is positioned and set below a residential block of units in the vibrant heart of Surry Hills/Redfern hub. Conveniently placed within moments of Crown Street offering an array of shops, restaurants, cafes, bars. Moments from buses, Central and Redfern Station, UTS & Sydney University.
The subject retail premises is located right at the corner of Cleveland Street and Young Street, with a great exposure for the abundant traffic travelling between Surry Hills and Sydney CBD. Features of the property include internal floor space 166sqm, tenanted by a reputable Indian restaurant Lal Qila for 7 years. Current lease till Nov 2019 with another five years option.
- Area:166 square meters ( approx.)
- Secure well established tenant
- Long term lease with an increase for 5% each year
- Rare retail investment opportunity
- Net Income: $74,000 + GST p.a ( approx)
- Lease till Nov 29, 2019 with another five years option.
OUTGOINGS (per quarter approx.)
Strata Levy: $2457.32
Council rate: $617
Water rate: $2242.65
Call William Shen on 0419 406 645 today to find out more.
william.shen@raywhite.com
Property History for 351 Cleveland St, Redfern, NSW 2016
- 17 Mar 2020Sold for $1,650,000
- 26 Oct 2016Sold for $1,310,000
- 21 Jun 2016Listed for Sale For Sale
Recent sales nearby
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About Redfern 2016
The size of Redfern is approximately 1.2 square kilometres. It has 21 parks covering nearly 8.1% of total area. The population of Redfern in 2016 was 13213 people. By 2021 the population was 13072 showing a population decline of 1.1% in the area during that time. The predominant age group in Redfern is 30-39 years. Households in Redfern are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Redfern work in a professional occupation.In 2021, 35.10% of the homes in Redfern were owner-occupied compared with 33.50% in 2016.
Redfern has 7,994 properties. Over the last 5 years, Houses in Redfern have seen a 43.59% increase in median value, while Units have seen a 33.36% increase. As at 31 December 2025:
- The median value for Houses in Redfern is $2,203,849 while the median value for Units is $1,217,903.
- Houses have a median rent of $950 while Units have a median rent of $825.
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