44-50 Bay Street, Ultimo, NSW 2007 | Property Value & History | OnTheHouse
OFF MARKET

44-50 Bay Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2043m2
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Property Details for 44-50 Bay St, Ultimo

Building Type
Commercial
Land Size
2043m2
Local Government
Sydney
Lot/Plan
1/DP191211

Last Listing description (October 2025)

This creative warehouse conversion is bursting with character features and has recently undergone a major ground-up refurbishment into a high-spec creative office building. A re-engineered and refurbished former wool store, the office space for lease benefits from multiple sides of natural light and a leafy aspect.Centrally positioned this creative warehouse office conversion is located in Ultimos commercial hub, minutes to the CBD and Darling Harbour and just 200 metres from Broadway Shopping Centre. It is a perfect location for staff to enjoy the many F&B and retail offerings that the centre has to offer and connectivity to public transport, with bus and train links all within walking distance. It is also located in the heart of the tertiary education precinct, which includes such neighbours as Sydney University, Notre Dame, University of Technology Sydney, and TAFE NSW. Level 1 tenancy features: High-quality fit out in place Multiple offices and meeting rooms, staff kitchen and open plan space with workstations Brand new end-of-trip facilities Large warehouse windows with an abundance of natural light Lift access direct to your floor Air-conditioned throughout Excellent access to educational institutions 15-minute walk to Central Station Onsite parking available by negotiationFor more information or to arrange an inspection, please contact the exclusive agents:Jake JamiesonJake.jamieson@colliers.com0459 800 731Jackson Deans-Harveyjackson@deansproperty.com.au0449 877 1.00

Property History for 44-50 Bay St, Ultimo, NSW 2007

A timeline of how this property has performed in the market
Listed for Rent
15 Oct 2025
  • 12 Aug 2024
    Listed for Rent $737 / year
  • 21 Feb 2020
    Listed for Rent $35,000 / year
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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 6,560 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 51 properties listed for sale, and 70 properties listed for rent in Ultimo on OnTheHouse. According to Cotality's data, 206 properties were sold in the past 12 months in Ultimo.

Suburb Insights for Ultimo 2007

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.