5 Gleeson AvenueSydenham NSW 2044
Property Details for 5 Gleeson Ave, Sydenham
Last Listing description (March 2026)
Ray White Commercial (SC) is pleased to present to market an investment opportunity currently tenanted by a convenience store. The property, located at 5 Gleeson Avenue, Sydenham, will be offered for sale.
This asset features a flexible floor plate, E1 Local Centre zoning with a wide range of permissible uses, and is underpinned by its key locational value opposite the upgraded Sydenham transport hub.
Situated in a key renewal corridor, Sydenham is undergoing a major transformation, catalysed by the Sydney Metro upgrade and the Sydenham to Bankstown Urban Renewal Strategy. The area is shifting to new mixed-use, commercial, and creative precincts, driving demand for retail and hospitality amenities.
Additional highlights of the asset include:
• Prime Commercial Holding: Torrens titled commercial property with a shop front, back office, and a garden with patio.
• Current Income: Leased to convenience store, with a current gross passing income of $54,889.43*.
• Strong Lease Terms: A 2-year lease term commencing 14/06/2025, with an option to renew and a 5% annual increase.
• Future Growth Potential: Benefits from the area's planned growth and uplift, ensuring the property is well-positioned for both investors and developers.
• Favourable Zoning: E1: Local Centre zoning allows for flexible non-residential land uses including creative industries, commercial offices, food and beverage, and artisan retail.
• Key Property Metrics: Site area of 101 sqm* and a Gross Floor Area of 70 sqm*.
• Strategic Location: Located on Gleeson Avenue, positioning it as a prime holding in the heart of Sydenham.
• Excellent Connectivity: Approximately a 1-minute walk to Sydenham Station/Metro and only a 9-minute subway journey to Sydney CBD.
• Transport: less than 100m to Sydenham Metro and Train Station
5 Gleeson Avenue, Sydenham is offered for sale.
For further information, please contact the exclusive selling agents below.
* Approximately
Property History for 5 Gleeson Ave, Sydenham, NSW 2044
- 24 Mar 2026Sold
- 18 Dec 2025Listed for Sale FOR SALE (Price Guide $895,000)
- 21 Jan 2021Listed for Sale $895k-$915k
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About Sydenham 2044
The size of Sydenham is approximately 0.3 square kilometres. It has 6 parks covering nearly 19.3% of total area. The population of Sydenham in 2016 was 1145 people. By 2021 the population was 1100 showing a population decline of 3.9% in the area during that time. The predominant age group in Sydenham is 30-39 years. Households in Sydenham are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sydenham work in a professional occupation.In 2021, 60.30% of the homes in Sydenham were owner-occupied compared with 62.10% in 2016.
Sydenham has 637 properties. Over the last 5 years, Houses in Sydenham have seen a 23.58% increase in median value, while Units have seen a 25.78% increase. As at 30 April 2026:
- The median value for Houses in Sydenham is $1,688,048 while the median value for Units is $814,861.
- Houses have a median rent of $1,015 while Units have a median rent of $670.
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