112 Riley Street, Darlinghurst, NSW 2010

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Sold for $2,550,000 (Aug 23, 2022)

Unique opportunity with superb flexibility and parking

On a generous 139sqm (approx.) parcel of land, at the quiet cul-de-sac end of Riley Street, this R1 general residential-zoned terrace is set over three levels and features valuable secure parking for 2 cars from rear lane access. The property has been council approved and utilised for commercial purposes for many years, alternatively, its R1 residential zoning may allow it to be converted into a substantial home, subject to council approval. Its character-filled interiors are remarkably versatile and include multiple office spaces along with a separate staff breakout room above the garage. Its current floorplan has the potential for up to three to four bedrooms if council approved to occupy as a residence. Offering endless possibilities for the imaginative buyer, the property is tucked away in one of the area’s most desirable settings close to all conveniences and 1.5km into the CBD.

• Convenient to cafes, bars and eateries on Stanley and Oxford Streets

• Generous proportions, exposed brickwork, and air-conditioning

• Large sub-floor storage space or potential wine cellar

• Automated roller door access to courtyard with tandem secure parking

• Separate staff breakout room above the garage, adjacent to bathroom

• Two bathrooms, separate powder room with 3rd WC and laundry facilities

• Back to base alarm system

• Large rooftop entertainment terrace embraced by close urban views

• Buses near door, 1.5km distance through Hyde Park into the city & 1.1 km to Museum Station

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Property Info:
  • Property ID: L18462287
  • Property Type: Other
  • Carports: 2
  • Land Area: 139.1 sqm
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R&H Suburb Profile: Darlinghurst

R&H Suburb Summary Houses
Number of sales 70
Average Price $2,194,444
Median Price $2,200,000
Median Rental Price $1,100 p.w.
Change in Rental Rate (5yr) 15 %
R&H Suburb Summary Units
Number of sales 178
Average Price $1,309,613
Median Price $900,000
Median Rental Price $670 p.w.
Change in Rental Rate (5yr) 12 %
Darlinghurst, NSW - Median Trend