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47-51 Norton St 2,518 SF Retail Condo Unit in Leichhardt, NSW 2040
Investment Highlights
- Mixed-use strata property with ground-floor retail space and residential apartments above.
- Within close proximity to Norton Plaza and a variety of dining and retail establishments.
- Convenient access to major road networks including Parramatta Road and City West Link.
- Located on Norton Street in Leichhardt’s established commercial and residential precinct.
- Accessible by frequent public bus services with routes connecting to Sydney CBD.
- Surrounding area provides community infrastructure, green space, and essential services.
Executive Summary
47-51 Norton Street is a mixed-use strata development comprising multiple ground-floor retail lots beneath several levels of residential apartments. The retail premises occupy the street frontage along Norton Street in the Inner West suburb of Leichhardt and are supported by pedestrian activity in the surrounding area. Each commercial lot has allocated access to common property services, and the scheme includes designated parking spaces for retail occupants. The property is positioned in proximity to Norton Plaza Shopping Centre and is integrated into a precinct that includes a variety of restaurants, specialty retailers, and service-based businesses. Public transportation options are available nearby through frequent bus routes servicing Norton Street and Marion Street, providing connectivity to Sydney CBD and neighboring Inner West suburbs. The location also offers direct access to major arterial corridors, including Parramatta Road and City West Link, facilitating vehicle access to wider metropolitan areas. Additional amenities such as parks, schools, and local community services are situated within walking distance of the development.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | Auction Sale |
| No. Parking Spaces | 2 |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
| Sale Conditions | Auction Sale |
Description
Shop 1 is a ground-floor commercial strata lot within a mixed-use strata development located on Norton Street in Leichhardt, New South Wales. The lot comprises an internal floor area of approximately 234 square meters as recorded on the strata plan. It includes two car parking spaces allocated on title.
The property is designated under zoning classification E1 Local Centre, which permits a range of retail and commercial uses in accordance with local planning controls. It benefits from a street frontage to Norton Street, situated near the intersection of Marion Street and within proximity to Norton Plaza Shopping Centre.
The immediate area surrounding the lot features a combination of retail premises, food and beverage operators, and community services. Public transport access is available via nearby bus routes, and major arterial connections provide reach to broader metropolitan Sydney. The property forms part of a strata scheme comprising multiple commercial and residential units with shared common property areas managed under a registered owners corporation.
The property is designated under zoning classification E1 Local Centre, which permits a range of retail and commercial uses in accordance with local planning controls. It benefits from a street frontage to Norton Street, situated near the intersection of Marion Street and within proximity to Norton Plaza Shopping Centre.
The immediate area surrounding the lot features a combination of retail premises, food and beverage operators, and community services. Public transport access is available via nearby bus routes, and major arterial connections provide reach to broader metropolitan Sydney. The property forms part of a strata scheme comprising multiple commercial and residential units with shared common property areas managed under a registered owners corporation.
Sale Notes
An exceptional opportunity to secure a high-exposure retail investment anchored by a nationally recognized financial institution. This property is fully leased to Bendigo Bank under a long-term agreement, providing an investor with reliable income and minimal management obligations. The tenant bears full responsibility for statutory outgoings and enjoys fixed annual rental increases of 3%, ensuring incremental revenue growth throughout the lease term.
Positioned on Norton Street, one of Leichhardt's most prominent retail corridors, the property benefits from substantial foot traffic and visibility. Being adjacent to Norton Plaza Shopping Mall adds to its draw as a banking destination and reinforces strong customer connectivity. Two dedicated onsite parking spaces provide added convenience for both staff and clientele.
With a secure lease in place until April 2029, plus options for extension, this asset offers stability in a tightly held Sydney Inner West precinct. The property’s zoning under E1 Local Centre supports sustained retail usage, further enhancing long-term capital preservation and growth potential.
Positioned on Norton Street, one of Leichhardt's most prominent retail corridors, the property benefits from substantial foot traffic and visibility. Being adjacent to Norton Plaza Shopping Mall adds to its draw as a banking destination and reinforces strong customer connectivity. Two dedicated onsite parking spaces provide added convenience for both staff and clientele.
With a secure lease in place until April 2029, plus options for extension, this asset offers stability in a tightly held Sydney Inner West precinct. The property’s zoning under E1 Local Centre supports sustained retail usage, further enhancing long-term capital preservation and growth potential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Shop 1 | 2,518 SF | Retail | Upon Request | $132,514.72 CAD |
Unit Shop 1
| Unit Size |
| 2,518 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $132,514.72 CAD |
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Unit Shop 1
| Unit Size | 2,518 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $132,514.72 CAD |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
| Sale Conditions | Auction Sale |
| Description | |
| Shop 1 is a ground-floor commercial strata lot within a mixed-use strata development located on Norton Street in Leichhardt, New South Wales. The lot comprises an internal floor area of approximately 234 square meters as recorded on the strata plan. It includes two car parking spaces allocated on title.<br> <br> The property is designated under zoning classification E1 Local Centre, which permits a range of retail and commercial uses in accordance with local planning controls. It benefits from a street frontage to Norton Street, situated near the intersection of Marion Street and within proximity to Norton Plaza Shopping Centre.<br> The immediate area surrounding the lot features a combination of retail premises, food and beverage operators, and community services. Public transport access is available via nearby bus routes, and major arterial connections provide reach to broader metropolitan Sydney. The property forms part of a strata scheme comprising multiple commercial and residential units with shared common property areas managed under a registered owners corporation.</li></ul> | |
| Sale Notes | |
| An exceptional opportunity to secure a high-exposure retail investment anchored by a nationally recognized financial institution. This property is fully leased to Bendigo Bank under a long-term agreement, providing an investor with reliable income and minimal management obligations. The tenant bears full responsibility for statutory outgoings and enjoys fixed annual rental increases of 3%, ensuring incremental revenue growth throughout the lease term.<br> <br> Positioned on Norton Street, one of Leichhardt's most prominent retail corridors, the property benefits from substantial foot traffic and visibility. Being adjacent to Norton Plaza Shopping Mall adds to its draw as a banking destination and reinforces strong customer connectivity. Two dedicated onsite parking spaces provide added convenience for both staff and clientele.<br> <br> With a secure lease in place until April 2029, plus options for extension, this asset offers stability in a tightly held Sydney Inner West precinct. The property’s zoning under E1 Local Centre supports sustained retail usage, further enhancing long-term capital preservation and growth potential.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 20,236 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,059 SF |
| Property Subtype | Apartment | Lot Size | 0.21 AC |
| Building Class | B |
| Total Building Size | 20,236 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 5,059 SF |
| Lot Size | 0.21 AC |
Amenities
Site Amenities
- On-Site Retail
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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47-51 Norton St
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