FOR SALE
$1,490,000

28 Sydney Street
Mogo NSW 2536

Bedrooms: 5
Bathrooms: 6
Car spaces: 2
Floor area: 244m2
Land area: 1972.91m2
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Residential/Commercial-Cash Cow For The Right person!

Here is something for the person that wants an opportunity and is looking outside the square!
Approx. 1973 sqm of land in the creative, artistic tourist village of Mogo, with 244 sqm of commercial/retail space, currently being used as an art gallery and framing business that fronts onto the very busy main street. On the back of the block there is also a DA approval for a 5 bedroom house, designed to be used for air B&B or a guest house that has perpetuity (which means that the DA will not run out over time). The potential is for you to build the house, which is designed to be built in 2 stages, if you want, and possibly rent rooms to people either on a permanent basis or for holiday experiences which may include the people that are coming to experience the new Next Level mountain bike track which starts metres away from the back of this block. Whilst it will have over 170 kms of tracks in time to come, it currently has the first 70 kms of track finished and is receiving a lot of attention from mountain bike enthusiasts already. The back block could also be sub-divided off, with a large part of that done but not going to be completed by the current owner, it is being sold as is and the new owner can complete if they so desire.
But why stop there! there is a lot more than that going on. The reality is the the commercial building is designed to be split into 3-4 different spaces...you could be leasing out all 3 separately! the front gallery has a massive area , then there is the framing area which again could be a separate business space, and off that again is an extra large double garage space, which locks off from the adjoining buildings and could potentially be leased to someone for storage or another business that could operate from that style of space.
The current building has a kitchenette, shower and toilet, is well insulated, 6.6kw of BTG solar, extra high roller doors on the garage area, 22,500 lt tank and separate entries for all 3 areas as well as parking up the side. The gallery space can be closed off again creating a 4th smaller room, also with its own access, which would suit someone that needs a work area as well as an exhibition area. Also the potential of expansion on that building is a possibility including increasing its footprint or perhaps going up a level (STCA).
It would suit a plethora of businesses from arts and crafts to retail to beauty or medical services.
Inspections are by appointment only.

Property Details for 28 Sydney St, Mogo

28 Sydney St, Mogo is a 5 bedroom, 6 bathroom Other with 2 parking spaces. The property has a land size of 1972.91m2 and floor size of 244m2. The place is currently for sale with LJ Hooker Malua Bay.

Building Type
Other
Floor Size
244m2
Land Size
1972.91m2

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About Mogo 2536

The size of Mogo is approximately 106 square kilometres. It has 4 parks covering nearly 87.4% of total area. The population of Mogo in 2011 was 264 people. By 2016 the population was 339 showing a population growth of 28.4% in the area during that time. The predominant age group in Mogo is 50-59 years. Households in Mogo are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Mogo work in a trades occupation. In 2011, 66.7% of the homes in Mogo were owner-occupied compared with 63.9% in 2016.

Mogo has 259 properties. Over the last 5 years, Houses in Mogo have seen a 96.12% increase in median value. As at 30 November 2024:

  • The median value for Houses in Mogo is $759,091 while the median value for Units is $630,794.
There are currently 8 properties listed for sale, and no properties listed for rent in Mogo on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Mogo.

Suburb Insights for Mogo 2536

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Karen Herrick
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Rob Routledge
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LJ Hooker Malua Bay
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.