11/82-88 Elizabeth Street, Sydney, NSW 2000 sold on 06 May 2025 | OnTheHouse
 
SOLD
Sold on 06 May 2025 for $2,050,000

11/82-88 Elizabeth Street
Sydney NSW 2000

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 215m2
Land area: 215m2
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Property Details for 11/82-88 Elizabeth St, Sydney

Building Type
Commercial
Year Built
1997
Floor Size
215m2
Land Size
215m2
Local Government
Sydney
Lot/Plan
11/SP10878

Last Listing description (December 2016)

- Whole Floor 215 sqm
- Investment floor with two well-established tenants
- High level position with an outlook onto Elizabeth Street

- Both suites are well fitted out with offices, open plan work areas and wet kitchens
- Ducted air conditioning system on the floor
- Great location near Martin Place
- Close to public transport

Tenancy One 100 sqm approx.
Tenant : Details available on request
Lease Term : 2 years
Commencement : 1st Jan 2015 (End date 30th Dec 2016)
Rental Reviews : 4.5%
Gross Rental : $44,412 plus GST

Tenancy Two - 115 sqm 'approx.nTenant : Details available on request
Term : 3 + 3 years
(18mth break clause if option is taken)
Commencement : 1st Feb 2015 (End date 14st Jan 2018)
Rental Reviews : 4.5%
Gross Rental : $54,000 + GST

Less Outgoings (Paid by the landlord)
Council Rates : $4,110
Water Rates : $200
Strata Levies : $29,555
Total Outgoings p.a. (approx.) $33,865

NET RENTAL : $64,547
ASKING PRICE : $1,900,000 Sold as going concern
NET YIELD : 3.39% (approx)

82 Elizabeth Street is a 15 storey office building which is mainly occupied by the legal profession.
This property is situated on the eastern side of Elizabeth Street between Martin Place and King Street in the heart of the legal precinct. This is a prime position close to all amenties and transport facilities.

Call Robin Simpson 0426 251 234
Email: robin@bdowling.com.au

All areas are approx. only. The information herein has been supplied to us. In passing the information on, it should be noted we so without any representation on our part to its truth or accuracy. All interested parties should make their own enquires, and obtain their own independent advice, in order to verify the information.
Property Code: 446

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Property History for 11/82-88 Elizabeth St, Sydney, NSW 2000

A timeline of how this property has performed in the market
Last Sold
$2,050,000
06 May 2025
  • 06 May 2025
    Sold for $2,050,000
  • 29 Jul 2022
    Sold for $3,127,500
  • 07 Dec 2016
    Sold for $1,740,000
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About Sydney 2000

The size of Sydney is approximately 3.0 square kilometres. It has 16 parks covering nearly 33.5% of total area. The population of Sydney in 2016 was 17252 people. By 2021 the population was 16667 showing a population decline of 3.4% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sydney work in a professional occupation.In 2021, 24.20% of the homes in Sydney were owner-occupied compared with 29.10% in 2016.

Sydney has 24,356 properties. Over the last 5 years, Houses in Sydney have seen a 50.64% increase in median value, while Units have seen a 9.42% increase. As at 31 October 2025:

  • The median value for Houses in Sydney is $1,643,266 while the median value for Units is $1,152,492.
  • Houses have a median rent of $850 while Units have a median rent of $980.
There are currently 185 properties listed for sale, and 320 properties listed for rent in Sydney on OnTheHouse. According to Cotality's data, 634 properties were sold in the past 12 months in Sydney.

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