FOR SALE
$880,000

73 Common Road
Dungog NSW 2420

Bedrooms: 2
Bathrooms: 2
Car spaces: 10
Land area: 3255m2
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Industrial Workshop and Residence with DA Approval for Expansion

Industrial workshop and managers quarters on impressive 3255 sqm block, fully fenced and serviced with town water, sewer and 3 phase power.
Zoned General Industrial under Dungog Shire LEP 2014 and currently home to well established local operator Mick Moy Rural Fabrication.
Fully leased managers residence and workshop returning $580 per week with 6 months to run on lease - Gross income ($30,160 p.a)
Fully equipped 2 bedroom managers residence. Substantial workshop area and includes office and bathroom facilities.
Further upside - 4 x fully leased storage containers provide an additional $772 per month or ($9264) gross per annum.
DA approval for additional 12m x 20m shed behind the existing with close to 5 years left on the consent.
Title Particulars Lot 66 DP 262000
Price Guide $880,000
Council Rates $304.00 per quarter
Inspections strictly by appointment by contacting selling agents.
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Property Details for 73 Common Rd, Dungog

73 Common Rd, Dungog is a 2 bedroom, 2 bathroom House with 10 parking spaces. The property has a land size of 3255m2. The place is currently for sale with DILLON & SONS REAL ESTATE AND LIVESTOCK - DUNGOG.

Building Type
House
Land Size
3255m2

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About Dungog 2420

The size of Dungog is approximately 5.5 square kilometres. It has 7 parks covering nearly 4.5% of total area. The population of Dungog in 2011 was 2,131 people. By 2016 the population was 2,034 showing a population decline of 4.6% in the area during that time. The predominant age group in Dungog is 60-69 years. Households in Dungog are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dungog work in a trades occupation. In 2011, 69.9% of the homes in Dungog were owner-occupied compared with 71.3% in 2016.

Dungog has 1,300 properties. Over the last 5 years, Houses in Dungog have seen a 85.96% increase in median value, while Units have seen a 11.60% increase. As at 31 July 2024:

  • The median value for Houses in Dungog is $587,268 while the median value for Units is $230,200.
  • Houses have a median rent of $500 while Units have a median rent of $250.
There are currently 29 properties listed for sale, and 4 properties listed for rent in Dungog on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Dungog.

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Tavis Chivers
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DILLON & SONS REAL ESTATE AND LIVESTOCK - DUNGOG
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