617 Harris StreetUltimo NSW 2007
Property Details for 617 Harris St, Ultimo
Last Listing description (March 2023)
Ray White Commercial (SC) is pleased to present to market 617 Harris Street, Ultimo. Located on the edge of the CBD and surrounded by Sydney's leading tertiary institutions, this student accommodation benefits from a long standing relationship with English Language Company (ELC), whose international students occupy 80%*. This investment opportunity is offered for sale via private treaty.
Benefiting from a land area of 221sqm*, this opportunity comprises 23 bedrooms over 4 levels with each floor having its own kitchen, living area and bathrooms. The property provides rear access parking via Hackett Street.
Subject to approvals, the B4 Mixed Use zoning offers scope to add value as well as the potential for alternative uses. However, with foreign students back to pre-pandemic numbers and student accommodation operators getting full houses in Sydney**, the property offers investors an opportunity to capitalise on the sector.
Additional highlights of the asset include:
Approved for medium term visitor accommodation
Site area - 221sqm*
Internal area - 417sqm*
23 bedroom student accommodation
Zoning - B4 Mixed Use
Walking distance to Central Station
280m* to TAFE NSW
650m* to University of Technology Sydney
850m* to University of Notre Dame
1.3km* to The University of Sydney
The property is offered for sale by private treaty. Price Guide - $5,500,000.
For further information, please contact the exclusive selling agents below.
* Approximately
** AFR March 13 and October 4, 2022
Property History for 617 Harris St, Ultimo, NSW 2007
- 14 Nov 2022Listed for Sale FOR SALE - $5,500,000
- 17 May 2019Sold for $4,000,000
- 02 Oct 2018Listed for Sale For Sale by EOI
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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 6,540 properties. Over the last 5 years, Houses in Ultimo have seen a 10.64% increase in median value, while Units have seen a 6.73% increase. As at 31 March 2026:
- The median value for Houses in Ultimo is $1,575,706 while the median value for Units is $779,214.
- Houses have a median rent of $1,098 while Units have a median rent of $750.
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