432 Elizabeth Street, Surry Hills, NSW 2010 | Property Value & History | OnTheHouse
OFF MARKET

432 Elizabeth Street
Surry Hills NSW 2010

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 246m2
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Property Details for 432 Elizabeth St, Surry Hills

Building Type
Commercial
Year Built
2019
Land Size
246m2
Local Government
Sydney
Lot/Plan
2/DP1254202

Last Listing description (May 2026)

Key Details

Floor area: approx. 141 sqm ground-floor retail / commercial space
Level: Ground Floor (Shop 2)

Frontage & Exposure: Floor-to-ceiling windows to Elizabeth Street - maximizing street presence, natural light and visual impact.
Facilities: Fully fitted bathroom in the tenancy. Other uses subject to strata, CDC/DA approval.

Location & Transport

Nestled in The Surry , a striking architecturally designed building by Candalepas Associates, completed in 2019.
The Elizabeth Street faade features a dazzling tapestry of green & orange ceramic tiles, warm timber handrails and finely detailed material palette - a highly visual, iconic streetscape that contributes character to the precinct.
Retail / commercial tenancy at ground floor helps activate the street, benefitting from both pedestrian and vehicular traffic along a major arterial into the city.

Walking distance to transport:

Only 1 minute walk to Central Chalmers Street Light Rail Stop (CBD & Southeast Light Rail, lines L2/L3).
Just a few minutes to Central Station (Sydney Trains), the city's major rail interchange. (approx. 5-8 minute walk depending on pace) - immediate access to all major train lines, buses and metro services.

Excellent connectivity makes the location a highly desirable fringe city position: right on the boundary of the CBD and Surry Hills.

Ideal Uses: This tenancy is especially well suited for:

Inspiring, creative or design / art-gallery style office
Specialized gym / wellness / boutique fitness or yoga studio
Lifestyle-driven retail or showroom
Any business wanting strong street activation, natural light, and high visibility
Uses such as F&B, restaurant etc. would require appropriate approvals (strata / CDC / DA), but bathroom and basic infrastructure are already present.

Highlights & Competitive Advantages

Architectural prominence: The Surry is celebrated for its design, awarded for its residential architecture and multiple housing. It stands out in Surry Hills as an example of considered design with robust materiality, light plays, rhythm and detailing.
Visual impact: Floor-to-ceiling glazing + highly stylised faade = instant presence for branding, signage, window display.
Edge-of-CBD location: captures foot traffic from locals in Surry Hills, visitors, creatives, professionals commuting via rail / light rail, and residents of the building.
Growing precinct: surge of interest in lifestyle, design, wellness, gallery spaces in inner-city fringe, especially in Surry Hills.

Don't miss the chance to position your brand, studio or lifestyle concept here: Shop 2, 432-434 Elizabeth Street, The Surry offers a rare blank canvas with visibility, prestige and real personality. Contact us today to inspect & discuss terms.

*All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Property History for 432 Elizabeth St, Surry Hills, NSW 2010

A timeline of how this property has performed in the market
Last Sold
$2,100,000
28 Jul 2022
Listed for Rent
$2.24k/w
02 Oct 2025
  • 26 Mar 2026
    Listed for Rent - Price not available
  • 02 Oct 2025
    Listed for Rent - Price not available
  • 28 Jul 2022
    Sold for $2,100,000
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About Surry Hills 2010

The size of Surry Hills is approximately 1.3 square kilometres. There are 17 parks, covering nearly 9.2% of the total area. The population of Surry Hills in 2016 was 16412 people. By 2021 the population was 15828 showing a population decline of 3.6% in the area during that time. The predominant age group in Surry Hills is 30-39 years. Households in Surry Hills are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surry Hills work in a professional occupation.In 2021, 32.20% of the homes in Surry Hills were owner-occupied compared with 32.30% in 2016.

Surry Hills has 13,775 properties. Over the last 5 years, Houses in Surry Hills have seen a 4.81% increase in median value, while Units have seen a -3.78% decrease. As at 31 July 2026:

  • The median value for Houses in Surry Hills is $2,327,748 while the median value for Units is $949,600.
  • Houses have a median rent of $1,300 while Units have a median rent of $830.
There are currently 41 properties listed for sale, and 88 properties listed for rent in Surry hills on OnTheHouse. According to Cotality's data, 481 properties were sold in the past 12 months in Surry hills.

Suburb Insights for Surry Hills 2010

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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.