FOR SALE
$520,000 + GST

305-309 Grey Street
Glen Innes NSW 2370

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 240m2
Land area: 240m2
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Prime location

305-309 Grey Street, Glen Innes
Presenting an investment return rarely seen, with an 8% yield.
Prime Central location, ample street parking, and high foot traffic enable the continuing success of the current tenant.
With a current 3-year lease and a further 3-year option. The tenant, a well-established hospitality business in which locals and visitors frequent and support well.
The Commercial building offers a low maintenance space, being brick, featuring a newly renovated cafe| bar internally, disability ramp access, and separate service access and covering a 240sqm floor area.
The sale includes most large equipment in the event a new tenant is required which ensures a smooth transition.
Inspect & Explore today to enable immediate investment returns.
Contact Nellie 0458 326 464

Property Details for 305-309 Grey St, Glen Innes

Building Type
Commercial
Floor Size
240m2
Land Size
240m2

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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 3,829 properties. Over the last 5 years, Houses in Glen Innes have seen a 83.52% increase in median value, while Units have seen a 46.20% increase. As at 30 September 2024:

  • The median value for Houses in Glen Innes is $344,092 while the median value for Units is $280,217.
  • Houses have a median rent of $360 while Units have a median rent of $260.
There are currently 72 properties listed for sale, and 2 properties listed for rent in Glen innes on OnTheHouse. According to CoreLogic's data, 152 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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