FOR SALE
$925,000

19 Molesworth Street
Lismore NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 283m2
Land area: 481m2
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Investment Opportunity: Historic Building in Lismore CBD with blue chip tenant.

Phone enquiries - please quote property ID 34060.
Discover an exceptional investment opportunity in the heart of Lismore’s Central Business District. This stunning character-filled historic building offers both immediate returns and exciting future potential. Here are the key highlights:-
Impressive Income Stream:
Currently generating $150,000 gross per annum, this property boasts a solid return of approximately 16%.
The entire building is currently leased to a reputable Government department on rolling 12-month terms.
Prime Location:
Situated in the thriving Northern Rivers region, this property benefits from its proximity to the booming area of Byron Bay.
Street frontage ensures excellent visibility, while the large rear loading area and convenient car parking enhance accessibility.
Future Prospects:
Forward-thinking investors can explore mixed tenancies and additional income streams.
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Property Details for 19 Molesworth St, Lismore

Building Type
Commercial
Floor Size
283m2
Land Size
481m2

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About Lismore 2480

The size of Lismore is approximately 3.9 square kilometres. It has 17 parks covering nearly 17.1% of total area. The population of Lismore in 2011 was 3,799 people. By 2016 the population was 3,576 showing a population decline of 5.9% in the area during that time. The predominant age group in Lismore is 50-59 years. Households in Lismore are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lismore work in a professional occupation. In 2011, 48.9% of the homes in Lismore were owner-occupied compared with 49.2% in 2016.

Lismore has 2,759 properties. Over the last 5 years, Houses in Lismore have seen a 24.19% increase in median value, while Units have seen a 51.49% increase. As at 30 September 2024:

  • The median value for Houses in Lismore is $431,032 while the median value for Units is $441,967.
  • Houses have a median rent of $520 while Units have a median rent of $380.
There are currently 31 properties listed for sale, and 7 properties listed for rent in Lismore on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Lismore.

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