869 George StreetUltimo NSW 2007
Property Details for 869 George St, Ultimo
Last Listing description (October 2018)
*** Open for Inspection Wed 24 Oct 3pm - 3.30pm ***
869 George Street provides an opportunity to secure a freehold super prime retail property on Australias most coveted street. A new long lease to a proven tenant (7/11) will provide instant rental income. The retail property is located on the door step of a multitude of amenities and transport such as UTS, TAFE, Central Park, Broadway, Chinatown and Entertainment Centres.
5 + 5 + 5 year lease to 7-Eleven with a net annual income of $175,881* with fixed 4.00% annual rental increases
Total building area of 237sq m* with rear lane access and prime George Street exposure
A fundamentally sound retail investment, metres from Central Train Station, the largest transport interchange in Australia and is responsible for connecting intercity and regional rail services, buses, coaches and light rail immediately fronting pedestrian traffic light.
Strategically positioned in the heart of the Education precinct the property is surrounded by major institutions such as TAFE, University of Technology, University of Sydney, and University of Notre Dame.
Future upside via additional tenancies and development potential (STCA)
Close proximity to Broadway shopping centre, directly across the road from central park mall development.
Short 10 minute walking distance to Chinatown and the Sydney CBD
The property is offered For Sale via Public Auction held on-site Friday 16th November at 12:30pm
*Approx
Property History for 869 George St, Ultimo, NSW 2007
- 24 Oct 2018Sold for $5,050,000
- 18 Oct 2018Listed for Sale via Onsite Auction at 12.30pm Friday 16 Nov' 18
Recent sales nearby
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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 6,539 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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