4/259-261 Clarence StreetSydney NSW 2000
Property Details for 4/259-261 Clarence St, Sydney
4/259-261 Clarence St, Sydney is a 2 bedroom, 1 bathroom Unit. The property has a land size of 18m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (April 2023)
The property is located on the western side of Clarence Street equidistant between Market Street
in the north and Druitt Street in the south, in the heart of the Sydney CBD.
Clarence Street is located in the western corridor precinct of the CBD which is seen as an area
CBA, Westpac and Macquarie Bank. The Barangaroo Development by Lend Lease will only
intensify the demand for space in this precinct.
The property is 1km by road to Town Hall Railway Station and 800m to Wynyard Railway
Station. QVB, Darling Harbour and Chinatown are all easily accessed from 259 Clarence
Street.
This property is securely leased to Belgravia Formalwear Pty Ltd (CAN 056 367 712).
Belgravia Formalwear is the largest wholesaler and retailer in Australia of Men's Formalwear
for both Hire and Sale. In more recent times Belgravia Formalwear has expended to the area of
Ladies Bridal, Bridesmaids and Evening Wear. This business is part of the Belgravia Group.
Feature:
- 5 years lease term
- With net rental income $185,000 + GST
- With 3% annual rental increase for first 3 years and then Market review
- Existing tenant has been on the site for more than 15 years
Property History for 4/259-261 Clarence St, Sydney, NSW 2000
- 07 Jul 2022Sold for $3,660,000
- 03 May 2022Listed for Sale Price on Request
- 14 Apr 2011Sold for $1,700,000
Recent sales nearby
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0About 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 24,331 properties. Over the last 5 years, Houses in Sydney have seen a -8.89% decrease in median value, while Units have seen a 0.92% increase. As at 31 January 2026:
- The median value for Houses in Sydney is $2,443,487 while the median value for Units is $1,077,152.
- Houses have a median rent of $880 while Units have a median rent of $1,000.
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