FOR SALE
$500,000

Lot 2/70 Wallarah Road
Gorokan NSW 2263

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 143m2
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Rare Investment

Simply the ideal investment opportunity. Move now to secure this rare holding highlighted by a high profile position, solid return and sound tenancy with a long standing and established tenant. Prime main road frontage, rear lane access and council carparking nearby. Move now, this is the investment you have been searching for!
• Zoning- B1 Neighbourhood Centre
• High profile position, ample parking and rear lane access
• Well established and secure tenant
• Income $27,000 plus GST per annum

Property Details for Lot 2/70 Wallarah Rd, Gorokan

Building Type
Commercial
Floor Size
143m2

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About Gorokan 2263

The size of Gorokan is approximately 3 square kilometres. It has 19 parks covering nearly 6.5% of total area. The population of Gorokan in 2011 was 7,681 people. By 2016 the population was 8,380 showing a population growth of 9.1% in the area during that time. The predominant age group in Gorokan is 60-69 years. Households in Gorokan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gorokan work in a trades occupation. In 2011, 64.7% of the homes in Gorokan were owner-occupied compared with 62.8% in 2016.

Gorokan has 4,051 properties. Over the last 5 years, Houses in Gorokan have seen a 62.52% increase in median value, while Units have seen a 48.40% increase. As at 31 August 2024:

  • The median value for Houses in Gorokan is $701,212 while the median value for Units is $521,539.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 25 properties listed for sale, and 7 properties listed for rent in Gorokan on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in Gorokan.

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James Thompson
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Ray White Thompson Partners
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