FOR SALE
$749,000

174 - 180 Byron Street
Inverell NSW 2360

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 360m2
Land area: 936m2
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"Prime Location & Prime Potential"

The property is located on a Prime CBD Corner position with both Byron Street and Lawrence Street frontage. Consisting of a 936sqm commercial allotment (26.9m frontage to Byron Street and 35.4m frontage to Lawrence Street). There is a vacant area of 520sqm est (14.9m by 35.4m) ideal for future development. The existing building consists of 4 tenancies being 3 separate commercial tenancies and an upstairs residential tenancy (3 bedroom unit). The current owners are divesting their property portfolio as part of their restructure plan and have held the property since 1975. 'Super Cheap Auto' adjoins the property with 'McDonalds' two properties away and surrounded by 'IGA', Medical Centre, two service stations, 'Goodyear Tyre Centre', Cinema and 'Woolworths' nearby. Council rates are $9,452 per year. The property is currently returning $45,240 Gross per annum. For an Information Memorandum or further particulars contact Ron Berkley 0417-612 660 of Ray White Real Estate Inverell.

Property Details for 174 - 180 Byron St, Inverell

Building Type
Commercial
Floor Size
360m2
Land Size
936m2

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About Inverell 2360

The size of Inverell is approximately 208.6 square kilometres. It has 25 parks covering nearly 6.2% of total area. The population of Inverell in 2011 was 11,399 people. By 2016 the population was 11,682 showing a population growth of 2.5% in the area during that time. The predominant age group in Inverell is 0-9 years. Households in Inverell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Inverell work in a labourer occupation. In 2011, 65.2% of the homes in Inverell were owner-occupied compared with 61.9% in 2016.

Inverell has 6,500 properties. Over the last 5 years, Houses in Inverell have seen a 67.04% increase in median value, while Units have seen a 39.80% increase. As at 31 July 2024:

  • The median value for Houses in Inverell is $358,529 while the median value for Units is $277,869.
  • Houses have a median rent of $380 while Units have a median rent of $300.
There are currently 102 properties listed for sale, and 27 properties listed for rent in Inverell on OnTheHouse. According to CoreLogic's data, 273 properties were sold in the past 12 months in Inverell.

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Ron Berkley
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Ray White Rural Inverell
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