FOR SALE
PRICE ADJUSTMENT : $775,000 ONO

38 Church Street
Gloucester NSW 2422

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 150m2
Land area: 317m2
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ROCK SOLID INVESTMENT : COMMERCIAL WITH UPPER LEVEL RESIDENTIAL

Dual purpose building in the main street of Gloucester providing a rent return in excess of 6% gross. Lower floor houses professional offices which can be split into 3 different tenancies, but currently let as one. Upstairs has 2 x 2 bedroom fully furnished flats with access from the front and rear of the building respectively. Off street parking at the rear for 5 cars is accessed from the council maintained lane.
This building presents in great order with fresh paint, new floorcoverings, appealing brick façade and large front display windows. Residential leases are currently 12 month intervals with long term tenants. Commercial section has only had 3 tenants in the last 17 years proving the appeal of this property. This is your ideal investment property for a self managed super fund or just a passive income producer. Details of leases and further information available from the agents upon enquiry. Selling price negotiable.
Property Code: 220

Property Details for 38 Church St, Gloucester

Building Type
Commercial
Floor Size
150m2
Land Size
317m2

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About Gloucester 2422

The size of Gloucester is approximately 58.3 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Gloucester in 2011 was 2,877 people. By 2016 the population was 2,955 showing a population growth of 2.7% in the area during that time. The predominant age group in Gloucester is 60-69 years. Households in Gloucester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gloucester work in a trades occupation. In 2011, 68.1% of the homes in Gloucester were owner-occupied compared with 66.9% in 2016.

Gloucester has 2,064 properties. Over the last 5 years, Houses in Gloucester have seen a 80.53% increase in median value, while Units have seen a 52.76% increase. As at 30 November 2024:

  • The median value for Houses in Gloucester is $515,887 while the median value for Units is $387,499.
  • Houses have a median rent of $470 while Units have a median rent of $290.
There are currently 78 properties listed for sale, and 10 properties listed for rent in Gloucester on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Gloucester.

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Peter Markey
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Hannaford Stock and Land
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