FOR SALE
$1,250,000 Negotiable

138-140 Summerland Way
Kyogle NSW 2474

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 340m2
Land area: 778m2
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Historic & iconic freehold building positioned within the city's Golden Triangle, Located on one of the most prominent crossings of, Summerland Way & Stratheden Street.

Centre of Kyogle’s Premium Office & Retail Precinct. First time offered to market in over 17 years.
• 340m2 Rentable Floor Space, spread across two levels plus outbuildings.
• Land area - 778m2.
• 11 Tenants 11 Different Incomes.
• Asking Price $1,250,000, All offers will be presented to the Vendor.
Unique Commercial Premises
The building has four large office spaces on the first floor, with bathroom, kitchen, and dining room. Beautiful views over the main street.
Downstairs, (Hair Salon) with long-term tenant in place, also a 2-bedroom one bathroom unit on the ground floor with separate entrance towards the back of the building with own parking space, the building is renovated throughout, beautiful inside finishings with Red Cedar wood timber from local forests.
As well as having commercial offices, the building offers rentable storage sheds and other outbuildings which is currently tenanted.
The 2-bedroom residential unit, currently returning a rental income of $300 per week, could be used for onsite accommodation, to the new owners.
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Property Details for 138-140 Summerland Way, Kyogle

Building Type
Commercial
Floor Size
340m2
Land Size
778m2

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About Kyogle 2474

The size of Kyogle is approximately 30.1 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Kyogle in 2011 was 2,553 people. By 2016 the population was 2,204 showing a population decline of 13.7% in the area during that time. The predominant age group in Kyogle is 60-69 years. Households in Kyogle are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kyogle work in a labourer occupation. In 2011, 69.1% of the homes in Kyogle were owner-occupied compared with 64.8% in 2016.

Kyogle has 1,430 properties. Over the last 5 years, Houses in Kyogle have seen a 74.17% increase in median value, while Units have seen a 100.69% increase. As at 30 September 2024:

  • The median value for Houses in Kyogle is $522,137 while the median value for Units is $381,461.
  • Houses have a median rent of $445 while Units have a median rent of $345.
There are currently 48 properties listed for sale, and 10 properties listed for rent in Kyogle on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Kyogle.

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