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23 Norton St - The Italian Forum 1,194 SF Retail Condo Unit Offered at $421,746 in Leichhardt, NSW 2040
Investment Highlights
- Iconic Italian Forum with European-style piazza
- Strong pedestrian traffic and Inner West location
- Rare opportunity in a tightly held retail strip
- Surrounded by cafes, boutiques, and cultural venues
- Excellent public transport and parking nearby
Executive Summary
The Italian Forum is a landmark mixed-use development located in the heart of Leichhardt, one of Sydney’s most vibrant inner-west suburbs. Renowned for its European-inspired architecture and cultural atmosphere, the Forum combines residential apartments with a dynamic retail and commercial precinct. The centerpiece of the complex is a beautifully designed open piazza, surrounded by cafés, restaurants, and specialty shops, creating a lively and engaging environment for residents, visitors, and businesses alike. Positioned along Norton Street, the Forum enjoys exceptional visibility and accessibility, benefiting from strong pedestrian traffic and proximity to major transport links, including Parramatta Road and City West Link. The development offers secure parking, landscaped communal areas, and a unique village-style setting that blends lifestyle and convenience. Its reputation as a cultural and dining destination makes it a highly sought-after location for both commercial operators and residents, ensuring long-term demand and strong investment appeal.
Property Facts
| Total Building Size | 175,280 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 16,576 SF |
| Property Subtype | Apartment | Year Built | 1999 |
| Building Class | B | Lot Size | 2.56 AC |
| Total Building Size | 175,280 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 16,576 SF |
| Year Built | 1999 |
| Lot Size | 2.56 AC |
1 Unit Available
Unit 48
| Unit Size | 1,194 SF | Sale Type | Investment |
| Price | $421,746 | No. Parking Spaces | 2 |
| Price Per SF | $353.22 | APN/Parcel ID | CP/SP60919 |
| Condo Use | Retail |
| Unit Size | 1,194 SF |
| Price | $421,746 |
| Price Per SF | $353.22 |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
| APN/Parcel ID | CP/SP60919 |
Description
48/23 Norton Street is a ground-floor retail premises within The Italian Forum, a mixed-use development in Leichhardt, NSW. The property comprises 111 square meters of lettable area and includes two car spaces. It features a 16-meter shopfront and is situated in a precinct known for cultural events and retail activity. The Italian Forum opened in the late 1990s and remains a key destination in the Inner West. The property is accessible via major roads and public transport, with surrounding land use including residential and commercial properties.
Sale Notes
This rare retail investment opportunity is located within The Italian Forum, a well-known cultural and retail precinct in Sydney’s Inner West. Positioned on the ground floor, the property offers a wide 16-meter shopfront and a lettable area of 111 square meters, complemented by two on-site car spaces. The Italian Forum, inspired by traditional Italian piazzas, has been a vibrant hub for dining, shopping, and cultural events since the late 1990s, attracting consistent foot traffic from locals and visitors alike.
The property is offered for the first time in over 20 years and is currently occupied by an established tenant on an expired lease, providing flexibility for investors seeking to renegotiate terms or reposition the asset. Its location in Leichhardt, a thriving inner-west suburb, ensures strong connectivity via major arterial roads and public transport, including bus routes and nearby light rail. The surrounding area is characterized by a dense residential population, popular eateries, and boutique retailers, creating a dynamic environment for retail businesses.
With its prominent frontage, secure parking, and placement within a landmark mixed-use development, this property represents a compelling opportunity for investors seeking long-term value in a tightly held market.
Reception Area
Interior tenanted space
Parking Area
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23 Norton St - The Italian Forum
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