FOR SALE
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274-282 Mcculloch Street
Broken Hill NSW 2880

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 518m2
Land area: 390m2
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COMMERCIAL INVESTMENT OPPORTUNITY

Strip of 3 shops in North location all leased to long term tenants.
• 274 McCulloch Street will be subject to a 3 year lease (with 3 + 3 year options) from settlement of sale @ $64,254 pa (+ GST) + outgoings.
This tenancy comprises a chemist shop and a 3-bedroom apartment upstairs.
• Shop 5 is leased to an Australia Post outlet on a 5 year lease (Dec 21 to Dec 26) + 5 year option @ $8,606.51 pa (+ GST).
• Shop 4 is leased to a takeaway food shop on a 3 year lease (July 22 to June 25) @ $10,911.12 pa (+ GST).
With a combined rental return of over $83,000 pa (+GST), this property is a worthy commercial addition to your portfolio.
Made up of several Freehold/Strata titles, request Contract of Sale for all tenancy and property information.
Zoned E1 Local Centre.
DISCLAIMER: First National Broken Hill has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accepts no responsibility and disclaims all liability concerning any errors, omissions, inaccuracies or misstatements contained. All distances, measurements and timeframes contained within this advertisement are approximate only. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property Details for 274-282 Mcculloch St, Broken Hill

Building Type
Commercial
Floor Size
518m2
Land Size
390m2

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About Broken Hill 2880

The size of Broken Hill is approximately 13,004.9 square kilometres. It has 43 parks covering nearly 2.2% of total area. The population of Broken Hill in 2011 was 18,776 people. By 2016 the population was 17,837 showing a population decline of 5.0% in the area during that time. The predominant age group in Broken Hill is 50-59 years. Households in Broken Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broken Hill work in a professional occupation. In 2011, 74.2% of the homes in Broken Hill were owner-occupied compared with 71.9% in 2016.

Broken Hill has 11,311 properties. Over the last 5 years, Houses in Broken Hill have seen a 69.06% increase in median value, while Units have seen a 140.85% increase. As at 30 November 2024:

  • The median value for Houses in Broken Hill is $174,649 while the median value for Units is $215,745.
  • Houses have a median rent of $340 while Units have a median rent of $220.
There are currently 112 properties listed for sale, and 19 properties listed for rent in Broken hill on OnTheHouse. According to CoreLogic's data, 521 properties were sold in the past 12 months in Broken hill.

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Zeta Bennett
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Mitchell Halpin
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First National - Broken Hill
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