FOR SALE
Online Auction 17th of December 10:30am

199 Grey Street
Glen Innes NSW 2370

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 809m2
Land area: 809m2
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Auction Time
Tue 17 Dec 10:30 am
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199 Grey Street, Glen Innes

Discover a lucrative commercial investment in the bustling heart of Glen Innes. This listing provides a remarkable chance to own a commercial property that's not just an investment but a stable source of income with proven returns. Currently leased by an established electric goods business, this property promises a low-maintenance and high-reward investment experience.
Positioned in the vibrant commercial hub of Glen Innes, this property benefits from consistent foot traffic and outstanding visibility. The surrounding area boasts a mix of popular retail and service businesses, making it a magnet for shoppers and a highly desirable location for tenants.
With a reputable electric goods business in place as a long-term tenant, you're assured of a steady, reliable rental income. This established tenant base provides security for your investment, allowing you to enjoy the financial benefits with peace of mind.
The building's flexible floor plan is perfect for a variety of commercial uses, providing future potential beyond the current lease.
Seize the opportunity to own a versatile, income-producing property in a location that is on the rise. This commercial gem is a solid foundation for any portfolio, offering both current stability and long-term potential.
Inspect and Explore today!

Property Details for 199 Grey St, Glen Innes

Building Type
Commercial
Floor Size
809m2
Land Size
809m2

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About Glen Innes 2370

The size of Glen Innes is approximately 198.3 square kilometres. It has 20 parks covering nearly 3.2% of total area. The population of Glen Innes in 2011 was 6,135 people. By 2016 the population was 6,146 showing a population growth of 0.2% in the area during that time. The predominant age group in Glen Innes is 60-69 years. Households in Glen Innes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glen Innes work in a professional occupation. In 2011, 67.6% of the homes in Glen Innes were owner-occupied compared with 65.3% in 2016.

Glen Innes has 3,831 properties. Over the last 5 years, Houses in Glen Innes have seen a 86.80% increase in median value, while Units have seen a 43.00% increase. As at 31 October 2024:

  • The median value for Houses in Glen Innes is $349,454 while the median value for Units is $274,211.
  • Houses have a median rent of $360 while Units have a median rent of $263.
There are currently 76 properties listed for sale, and 6 properties listed for rent in Glen innes on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Glen innes.

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Nellie Hayes
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Raine & Horne Armidale | Glen Innes
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