FOR SALE
INVESTMENT SALE - $520,000 No GST Applicable

3/148-150 Lakedge Avenue
Berkeley Vale NSW 2261

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 66m2
Land area: 79m2
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Excellent Local Investment - Positive Return From Day 1

Excellent investment opportunity, ideal for entry level and SMSF investors. This property has been operating as a launderette for in excess of 30 years so it has continued to trade through all market cycles.
Stable investment opportunity with an income from Day 1. Part of a local commercial shopping strip, the property is surrounded by local businesses including dentist, cafe, accountant, mortgage broker, real estate.
New 3 year x 3 year lease to the existing occupant who has operated the business for just on 13 years.
Address Lot 3/148 Lakedge Avenue, Berkeley Vale
Lease Term 3 Year lease + 3 Year Option
Commencing Rent $30,000 + outgoings + GST
Outgoings Council Rates & Charges, Water Rates (Account), Land Tax (On a single holding basis), Strata, Property Management (Limited to 5.5%), Fire Safety if not covered by Strata
Lease Commence 1st August 2024
Annual Increases CPI on the anniversary of the lease commencement
Market Review At the commencement of the Option Period
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Property Details for 3/148-150 Lakedge Ave, Berkeley Vale

Building Type
Commercial
Floor Size
66m2
Land Size
79m2

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About Berkeley Vale 2261

The size of Berkeley Vale is approximately 6.1 square kilometres. It has 20 parks covering nearly 12.1% of total area. The population of Berkeley Vale in 2011 was 8,486 people. By 2016 the population was 8,376 showing a population decline of 1.3% in the area during that time. The predominant age group in Berkeley Vale is 0-9 years. Households in Berkeley Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berkeley Vale work in a trades occupation. In 2011, 75.8% of the homes in Berkeley Vale were owner-occupied compared with 75.6% in 2016.

Berkeley Vale has 4,010 properties. Over the last 5 years, Houses in Berkeley Vale have seen a 59.30% increase in median value, while Units have seen a 30.00% increase. As at 30 November 2024:

  • The median value for Houses in Berkeley Vale is $887,747 while the median value for Units is $404,423.
  • Houses have a median rent of $625 while Units have a median rent of $450.
There are currently 39 properties listed for sale, and 10 properties listed for rent in Berkeley vale on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Berkeley vale.

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