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49-51 Shepherd St 5,285 SF Office Building Chippendale, NSW 2008 $4,399,250 ($832.39/SF)
Investment Highlights
- Prime Chippendale location near universities and transport
- Strong long-term investment appeal in inner-city Sydney
- Flexible residential and commercial use potential
Executive Summary
49–51 Shepherd Street, Chippendale NSW 2008 presents a rare opportunity to acquire a character-rich, freestanding residential and commercial building in one of Sydney’s most tightly held inner-city locations. Originally constructed circa 1899, the property occupies a 228sqm parcel with valuable dual street access via Shepherd Lane and is currently configured with commercial accommodation on the ground floor and residential use above.
The building retains strong period appeal while offering flexibility for a range of owner-occupier or investment strategies, including mixed-use continuation, creative or gallery-style commercial use, or potential reconfiguration into dual residential accommodation (STCA). Positioned within a quiet, tree-lined street, the property is immersed in Chippendale’s creative and culinary precinct and enjoys close proximity to Victoria Park, Broadway Shopping Centre, Spice Alley, Sydney University, UTS, and the popular Glebe and Newtown precincts, with Central and Redfern stations within easy walking distance.
The building retains strong period appeal while offering flexibility for a range of owner-occupier or investment strategies, including mixed-use continuation, creative or gallery-style commercial use, or potential reconfiguration into dual residential accommodation (STCA). Positioned within a quiet, tree-lined street, the property is immersed in Chippendale’s creative and culinary precinct and enjoys close proximity to Victoria Park, Broadway Shopping Centre, Spice Alley, Sydney University, UTS, and the popular Glebe and Newtown precincts, with Central and Redfern stations within easy walking distance.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
5,285 SF
Building Class
B
Year Built
1899
Price
$4,399,250
Price Per SF
$832.39
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
1,321 SF
Building FAR
2.15
Lot Size
0.06 AC
Parking
2 Spaces (0.38 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- High Ceilings
- Air Conditioning
- Balcony
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49-51 Shepherd St
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