28 Princes HighwaySylvania NSW 2224
Property Details for 28 Princes Hwy, Sylvania
Last Listing description (May 2011)
Retail investment on Eat Street of Sylvania
An excellent opportunity to secure a freehold title of retail property positioned on Princes Highway just off Tom Ugly's Bridge. The location is well regarded as the eat street in the Sutherland Shire with majority of the shops on both side of the Highway occupied by restaurants & cafes.
Three-level building has a total area of 130 sqm, retail on ground floor and residential on level 1 and 2 with city and water views. The rear section of the land forms part of the common car parking area shared with the neighbouring properties. Total land area is approx 200 sqm.
), with a new 3 year lease expiring in June 2013 and 3 plus 3 years option terms. The current rental is $35,000 pa + GST. The tenant pays for outgoings including council & water rates. The lease allows for an annual rent increase of 3% and market rent review at option.
Outgoings (approx. per annum)
Council rates: $1,590 pa
Water rates & charges: $2,200 pa
Insurance: $1,209 pa
Land tax: nil (subject to single holding basis on the taxable land value of $285,000)
Contact: Raymond Hung 0413 223 895 or
Email rhung@raywhitecitysouth.com.au
Property History for 28 Princes Hwy, Sylvania, NSW 2224
- 24 May 2011Sold for $580,000
- 27 Aug 2010Listed for Sale STARTING $620,000
- 22 Nov 2002Sold for $430,000
Recent sales nearby
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About Sylvania 2224
The size of Sylvania is approximately 4.4 square kilometres. There are 11 parks, covering nearly 4.0% of the total area. The population of Sylvania in 2016 was 10479 people. By 2021 the population was 10749 showing a population growth of 2.6% in the area during that time. The predominant age group in Sylvania is 50-59 years. Households in Sylvania are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sylvania work in a professional occupation.In 2021, 74.90% of the homes in Sylvania were owner-occupied compared with 75.50% in 2016.
Sylvania has 5,144 properties. Over the last 5 years, Houses in Sylvania have seen a 9.44% increase in median value, while Units have seen a 17.23% increase. As at 30 June 2026:
- The median value for Houses in Sylvania is $2,063,255 while the median value for Units is $1,309,190.
- Houses have a median rent of $1,125 while Units have a median rent of $800.
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