FOR SALE
$2,495,000

32-34 Gumtree Drive
Goonellabah NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: 14
Floor area: 855m2
Land area: 1298m2
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Solid Investment Opportunity - Mixed Commercial & Residential Properties all in One Complex

Phone enquiries - please quote property ID 34452.
Solid Investment Opportunity: 6 Commercial Units + 2 Residential Units
Discover an excellent investment opportunity in the beautiful NSW Northern Rivers region. This architect-designed complex, known as the "Goonellabah Business Centre," offers a mix of commercial and residential units with strong income potential and long-term tenants. Located in flood-free Goonellabah, adjacent to the Bruxner Highway, this property provides easy access to Ballina, Byron Bay, Lismore, and Casino.
Property Highlights:
* Excellent ROI: Attractive return on investment with a combined income of $164,616.89 plus GST.
* Commercial Units: 6 commercial units with long-term tenants including a sporting association, chiropractor, clinical psychologist, paediatrician, & personal fitness.
Residential Units:
* A spacious 4/5 bedroom residence with the option to live in or rent out.
* A currently tenanted 1-bedroom residential unit on the ground floor, which STCA could potentially be converted to a commercial unit.
Features:
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Property Details for 32-34 Gumtree Drive, Goonellabah

Building Type
Commercial
Floor Size
855m2
Land Size
1298m2

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About Goonellabah 2480

The size of Goonellabah is approximately 23.5 square kilometres. It has 13 parks covering nearly 2.2% of total area. The population of Goonellabah in 2011 was 12,537 people. By 2016 the population was 12,881 showing a population growth of 2.7% in the area during that time. The predominant age group in Goonellabah is 50-59 years. Households in Goonellabah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Goonellabah work in a professional occupation. In 2011, 67.6% of the homes in Goonellabah were owner-occupied compared with 66.3% in 2016.

Goonellabah has 6,992 properties. Over the last 5 years, Houses in Goonellabah have seen a 75.60% increase in median value, while Units have seen a 50.30% increase. As at 31 July 2024:

  • The median value for Houses in Goonellabah is $662,714 while the median value for Units is $451,021.
  • Houses have a median rent of $595 while Units have a median rent of $425.
There are currently 86 properties listed for sale, and 17 properties listed for rent in Goonellabah on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Goonellabah.

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