FOR SALE
$595,000

8 Denison Street
Adaminaby NSW 2629

Bedrooms: 1
Bathrooms: 3
Car spaces: -
Land area: 164m2
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Two Investments, One Building

Investors take note: 8 Denison Street presents a unique opportunity to secure a versatile commercial property in the heart of Adaminaby, NSW. Spanning 174 square metres of land, this two-storey building offers a prime ground floor commercial space, coupled with a charming upstairs residential unit, ideal for generating dual income streams.
With a weekly rental of £400 for the commercial space and £300 for the residential accommodation, this property is perfectly poised to capitalise on Adaminaby's vibrant local economy. The commercial area, currently utilised as a gym by a Snowy 2.0 contractor, encompasses approximately 120m2 of floor space, including two toilets and a kitchenette, making it adaptable to a variety of business ventures.
The upstairs residential component has been tastefully renovated to include a cosy one-bedroom apartment complete with a separate office or study, offering comfort and convenience for any tenant. Solar panels are installed to help with the outgoings.
Nestled in the centre of Adaminaby's shopping centre, this commercial property is not only a stone's throw away from local amenities but also benefits from the town's RU5 Village zoning. This permits an array of uses, services, and facilities that support the lifestyle of a rural village community.
Moreover, 8 Denison Street's location is a gateway to the Alpine region, with close proximity to Lake Eucumbene and the rejuvenated Selwyn Snowfields, enhancing its appeal for businesses and residents alike. This is an exceptional investment opportunity in a thriving locale, promising a healthy return for the astute investor.

Property Details for 8 Denison St, Adaminaby

8 Denison St, Adaminaby is a 1 bedroom, 3 bathroom Apartment. The property has a land size of 164m2. The place is currently for sale with One Agency Craig Schofield.

Building Type
Apartment
Land Size
164m2

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About Adaminaby 2629

The size of Adaminaby is approximately 359.8 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Adaminaby in 2011 was 227 people. By 2016 the population was 293 showing a population growth of 29.1% in the area during that time. The predominant age group in Adaminaby is 60-69 years. Households in Adaminaby are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adaminaby work in a managers occupation. In 2011, 83.9% of the homes in Adaminaby were owner-occupied compared with 80.5% in 2016.

Adaminaby has 401 properties. Over the last 5 years, Houses in Adaminaby have seen a 108.18% increase in median value, while Units have seen a 52.88% increase. As at 31 October 2024:

  • The median value for Houses in Adaminaby is $459,952 while the median value for Units is $635,473.
  • Houses have a median rent of $490.
There are currently 20 properties listed for sale, and 2 properties listed for rent in Adaminaby on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Adaminaby.

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Craig Schofield
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Jodi Alexander
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One Agency Craig Schofield
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