47a & 47b/23 Norton Street, Leichhardt, NSW 2040

Offices | Medical | Retail

For Sale PRICE UPDATE - 5.6% NET RETURN $756,537

  • Property ID: 387792
  • Floor Area: 92m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the building (FTTB)

Versatile and modern commercial spaces located in the iconic Italian Forum in the popular Inner-west hub of Leichhardt.

First time to the market in almost two decades, our vendor originally occupied the premises and enjoyed the collegiate feel of the centre being surrounded by cafes, restaurants, commercial and medical operators. The centre provides brilliant parking for clients and close proximity to Parramatta Road & the City West Link for easy access into the City and the greater Sydney metro area.

This superb property presents an opportunity and great value for both owner occupiers & investors. It features two entirely separate suites (each with their own entrance) on one strata title. Whilst both are currently leased, there is potential to occupy one (and have the other pay your mortgage) or occupy both.

Suite 47a: Commercial space with 3 consulting rooms and a private bathroom & shower.

Suite 47b: Open plan commercial space with two separated offices/meeting rooms, and room to add more if required.

Total income $52,310 P.A Gross + GST.

3 allocated secure basement car spaces.

Access to on-site gym, sauna, showers and spa.

For more information or to receive an information memorandum please contact:
Mitchell Owen
m. 0401 451 889
e. mitchello@commercial.net.au

Leichhardt Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6289 $490 7.80%
Offices $6780 $430 6.35%
Industrial $5742 $259 4.51%
This is the average advertised price, rent and yield for Leichhardt, NSW 2040*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

  Commercial Property Group Southwest Sydney


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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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