2/646 Harris Street, Ultimo, NSW 2007 | Property Value & History | OnTheHouse
 
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2/646 Harris Street
Ultimo NSW 2007

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Property Details for 2/646 Harris St, Ultimo

Building Type
Commercial
Year Built
2003
Local Government
Sydney
Lot/Plan
52/SP70437

Last Listing description (October 2024)

UNMISSABLE INVESTMENT OPPORTUNITY - CORNER LOCATION IN THE HEART OF HAYMARKET / ULTIMO

Ray White Commercial (SC) is pleased to present to market Chambers Coffee Ultimo, located at Shop 2/646 Harris Street, Ultimo, NSW. This property is offered for sale via Negotiation.

This asset features a new 10-year lease to 2033 with options to extend until 2043. Chambers Coffee is a successful and established Sydney coffee retailer and roaster with over 15 locations across Sydney and a strategic growth plan.

Situated in the bustling heart of Ultimo, this property enjoys high foot traffic and is strategically located next to major landmarks such as the University of Technology Sydney, TAFE, Chinatown, Broadway Shopping Centre, and Darling Harbour. It is just a 5-minute walk to the Haymarket Light Rail, making it an ideal investment.

Additional highlights of the asset include:

Guaranteed rental growth with fixed 3% per annum increases
Easy to manage single tenant investment with Chambers Coffee responsible for all outgoings including Land Tax & Property Management
Prime and versatile corner position in the heart of UTS's campus with a student population of 45,221
Ultimo is an inner Sydney suburb adjacent to the CBD with a high-density population catchment of 117,000+ within a 2km radius
Net Income: $150,000 pa* + GST
3 x parking spaces on title

Shop 2/646 Harris Street, Ultimo is offered for sale via Negotiation.

For further information, please contact the exclusive selling agents below.

*Approximately

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Property History for 2/646 Harris St, Ultimo, NSW 2007

A timeline of how this property has performed in the market
Last Sold
$1,700,000
16 Mar 2022
  • 12 Jul 2024
    Listed for Sale FOR SALE
  • 12 Apr 2023
    Listed for Sale Contact Agent
  • 25 May 2022
    Listed for Rent - Price not available
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About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2016 was 8845 people. By 2021 the population was 7410 showing a population decline of 16.2% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation.In 2021, 24.60% of the homes in Ultimo were owner-occupied compared with 25.00% in 2016.

Ultimo has 6,557 properties. Over the last 5 years, Houses in Ultimo have seen a 10.70% increase in median value, while Units have seen a -5.81% decrease. As at 30 November 2025:

  • The median value for Houses in Ultimo is $1,668,761 while the median value for Units is $706,429.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 46 properties listed for sale, and 68 properties listed for rent in Ultimo on OnTheHouse. According to Cotality's data, 218 properties were sold in the past 12 months in Ultimo.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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