31A Selems ParadeRevesby NSW 2212
Property Details for 31a Selems Pde, Revesby
Last Listing description (May 2019)
Colliers International are pleased to exclusively offer For Sale by way of Public Auction, a strip retail investment with significant development upside located at 31A-37 Selems Parade, Revesby. The property, entailing seven retail shop fronts, is part of the Central Revesby precinct and is located in the heart of Revesby local retail shopping precinct with high foot traffic, strategically positioned in close proximity to the train station and amenities.
This rare land holding in the tightly held commercial precinct of Revesby boasts popular local and national brands such as Pizza Hut, Villaggio Bar Caf , Dough Boss and Stumpy s Burgers. The property presents a golden outlook for investors, developers and astute buyers to capitalise on several upside and value-add opportunities such as a mixed-use development, rental reversion or future lot sell down.
Investment highlights:
- Gross rental income of $383,590 per annum*
- Demolition clauses incorporated across all leases for future development upside (STCA)
- Fixed annual increases for several leases at 4%
- Significant land holding of 1,872sqm*
- WALE by income of 3.96 years as at 1 April 2019
- Mixture of tenants presents security of income and low investment risk
- Holding income with development upside
- Mixture of Freehold and Strata Units across eight lots benefiting for future lot sell-down
31A-37 Selems Parade, Revesby is being offered for sale by way of Public Auction on:
Wednesday, 1st May 2019 at 10:30am (AEST)
Colliers International Head Office
Level 30, 225 George Street, Sydney NSW 2000
For more information and a copy of the Information Memorandum, please contact one of the below exclusive selling agents.
Property History for 31a Selems Pde, Revesby, NSW 2212
- 01 May 2019Sold for $3,550,000
- 02 Apr 2019Listed for Sale Not Disclosed
- 05 Dec 2018Sold for $3,275,000
Recent sales nearby
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0About Revesby 2212
The size of Revesby is approximately 5.6 square kilometres. There are 20 parks, covering nearly 4.7% of the total area. The population of Revesby in 2016 was 14176 people. By 2021 the population was 15268 showing a population growth of 7.7% in the area during that time. The predominant age group in Revesby is 30-39 years. Households in Revesby are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Revesby work in a professional occupation.In 2021, 61.40% of the homes in Revesby were owner-occupied compared with 62.80% in 2016.
Revesby has 7,106 properties. Over the last 5 years, Houses in Revesby have seen a 29.51% increase in median value, while Units have seen a 28.96% increase. As at 31 July 2026:
- The median value for Houses in Revesby is $1,539,334 while the median value for Units is $1,057,755.
- Houses have a median rent of $950 while Units have a median rent of $750.
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