5 Norton Street,
Leichhardt, NSW 2040
Other • Offices • Development Sites & Land
Key property information
Floor area
Car spaces
Sold on
Map of 5 Norton Street
Two storey blank canvass offering with development upside
- Flexible B2 Local Centre zoning
- Potential for multiple income streams
- Underlying development upside
The property provides an outstanding opportunity to acquire an affordable freehold mixed use building with excellent exposure to Norton Street.
The property is being offered with vacant possession and is suitable for owner occupiers, value add specialists and investors alike. The property offers versatility in occupancy and genuine upside that will be captured under Urban Growth NSW strategic infrastructure upgrades.
Key highlights of the property include:
- Within 6 kilometres of the Sydney CBD within close proximity to Broadway Shopping Centre, University of Technology Sydney (UTS) and the Royal Prince Alfred Hospital
- Within very close proximity to the strategic growth corridor of Paramatta Road that links Sydney CBD to the West
- Excellent access to public transport, with local bus stops within 50 metres of the property linking to the CBD
- Flexible B2 Local Centre zoning allowing many and multiple uses (STCA)
- Undercapitalised property with potential for building extension (STCA)
- Potential for multiple income streams over separate occupancies
- Front and rear lane access
- Valuable off street secure parking
- Underlying development upside under the Parramatta Road Urban Transformation Strategy that proposes an increase in the floor to space ratio from 1:1 to 3:1
- Suitable for investors, owner occupiers or value add specialists
The property will be sold by way of Public Auction, June 7 at 10:30am.
For more information, please contact the exclusive agents from Colliers International.
The property is being offered with vacant possession and is suitable for owner occupiers, value add specialists and investors alike. The property offers versatility in occupancy and genuine upside that will be captured under Urban Growth NSW strategic infrastructure upgrades.
Key highlights of the property include:
- Within 6 kilometres of the Sydney CBD within close proximity to Broadway Shopping Centre, University of Technology Sydney (UTS) and the Royal Prince Alfred Hospital
- Within very close proximity to the strategic growth corridor of Paramatta Road that links Sydney CBD to the West
- Excellent access to public transport, with local bus stops within 50 metres of the property linking to the CBD
- Flexible B2 Local Centre zoning allowing many and multiple uses (STCA)
- Undercapitalised property with potential for building extension (STCA)
- Potential for multiple income streams over separate occupancies
- Front and rear lane access
- Valuable off street secure parking
- Underlying development upside under the Parramatta Road Urban Transformation Strategy that proposes an increase in the floor to space ratio from 1:1 to 3:1
- Suitable for investors, owner occupiers or value add specialists
The property will be sold by way of Public Auction, June 7 at 10:30am.
For more information, please contact the exclusive agents from Colliers International.
Leichhardt, 2040 demographic data
The median household income for Leichhardt is $2,673, 29% higher than Greater Sydney's household income of $2,077. Leichhardt has a similar age profile compared to the rest of Greater Sydney (median age 37). Property ownership data shows 58% of property owners in Leichhardt have a mortgage.
15,158
Population
$2,673 per week
Median household income
37 years
Median age
Owners
Most residents
Families
Most households
04253376...
5 Norton Street
Leichhardt, NSW 2040
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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709-711 Parramatta Road,Leichhardt, NSW 2040 500 m²Warehouse, Factory & Industrial • Development Sites & Land • Other