Rare Investment Opportunity in the Heart of Kogarah

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11 Queen Victoria Street, Kogarah NSW 2217

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$1.4M - $1.54M High Confidence Calculated based on strong search observations.

House 3 Beds 2 Baths 345 m²

Listed: 5 days ago

Overview

This freestanding building at 11 Queen Victoria Street, Kogarah, offers a compelling investment opportunity in a convenient and highly sought-after location. Situated within a short walk of both Kogarah Station and the bustling shopping precinct, the property boasts excellent accessibility that benefits tenants and customers alike.

Featuring three distinct tenancies, the ground floor houses a retail shop currently occupied by a hairdresser, complemented by a separate two-bedroom, one-bathroom full brick flat directly behind it. Additionally, there is a detached granny flat at the rear of the property, providing diverse income streams and the potential for further development or rental enhancement.

With a land area approximating 341 square metres, the prominent corner building offers significant signage opportunities that increase commercial visibility. Vacant storage rooms add functional versatility, while amenities and laundry facilities serve the current occupants’ needs effectively. The property’s B1 neighbourhood centre zoning supports mixed commercial and residential uses, enhancing its value-add prospects through renovation or repositioning.

Ideal for investors targeting established income-producing assets, this site generates a weekly combined rental income, with room for adjustment to increase returns. Its strategic location, approximately 14 kilometres south of Sydney’s CBD, provides strong connectivity for long-term growth potential.

Overall, the property presents a rare and flexible offering, combining residential and retail elements in a single, centrally located asset that is ready to cater to various tenant needs and investment strategies.

Local Market Insights

In Kogarah, Quiet Listings observed 12 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $2,066,667. The property type mix of listed properties is predominantly Houses at 32%, followed by apartments (32%), and units (24%). The most active agency for houses in the Kogarah area is currently McGrath Estate Agents, representing 42% of new listings, followed by Raine & Horne with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.