FOR SALE
$2,800,000

131 Fern Street
Gerringong NSW 2534

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 301m2
Land area: 560m2
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Commercial Opportunity in Prime Gerringong Location

A one of a kind, multi tenanted investment opportunity exists in the heart of the thriving coastal township of Gerringong!
Comprising of 3 retail tenancies, this superb south coast investment takes centre stage with its CBD location and high-volume foot traffic. Country meets coast in the picturesque town of Gerringong, dotting spectacular surf beaches, rugged farmland, rolling escarpments, trendy café's, award winning wineries and luxury accommodation all situated less than 2 hours drive from Sydney.
Offered for the first time in almost 40 years, this truly is a rare investment that will take pride of place within the most discerning purchasers' portfolio.
The offering provides the following key attributes:
• All on one title with no strata
• Set on 559sqm parcel of land with E1 Local Centre zoning
• 3 income streams, with total return approx $115,662 per annum
• Includes 3 garage spaces
• Main street frontage plus rear access via the public carpark
• Positioned within the heart of a well-supported and highly regarded retail precinct
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Property Details for 131 Fern St, Gerringong

Building Type
Commercial
Floor Size
301m2
Land Size
560m2

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About Gerringong 2534

The size of Gerringong is approximately 10.9 square kilometres. It has 20 parks covering nearly 4% of total area. The population of Gerringong in 2011 was 3,456 people. By 2016 the population was 3,969 showing a population growth of 14.8% in the area during that time. The predominant age group in Gerringong is 50-59 years. Households in Gerringong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gerringong work in a professional occupation. In 2011, 73.2% of the homes in Gerringong were owner-occupied compared with 74.8% in 2016.

Gerringong has 2,497 properties. Over the last 5 years, Houses in Gerringong have seen a 72.08% increase in median value, while Units have seen a 55.01% increase. As at 31 August 2024:

  • The median value for Houses in Gerringong is $1,562,852 while the median value for Units is $998,963.
  • Houses have a median rent of $700 while Units have a median rent of $620.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Gerringong on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Gerringong.

Suburb Insights for Gerringong 2534

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Kate Morgan
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Ray White Gerringong
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.