FOR SALE
$200,000 + GST if applicable

5/147 Balo Street
Moree NSW 2400

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 56m2
Land area: 56m2
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IN THE HEART OF MOREE'S CBD - 11.25% GROSS RETURN

- 11.25% gross return
- Strata titled shop with main Street frontage
- Currently used as a tobacconist
- B3 Commercial Core zoning
- Fantastic position in the centre of the Moree CBD
- Great exposure to pedestrians and passing traffic
- Shop approximately 56m2
- Split system air conditioner
- Lease in place until 21/11/2026
- Tenanted at $1,875 per month ($22,500 per annum)
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Property Details for 5/147 Balo St, Moree

Building Type
Commercial
Floor Size
56m2
Land Size
56m2

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About Moree 2400

The size of Moree is approximately 3,870 square kilometres. It has 37 parks covering nearly 1.1% of total area. The population of Moree in 2011 was 9,346 people. By 2016 the population was 9,324 showing a population decline of 0.2% in the area during that time. The predominant age group in Moree is 0-9 years. Households in Moree are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moree work in a professional occupation. In 2011, 55.3% of the homes in Moree were owner-occupied compared with 52.6% in 2016.

Moree has 5,523 properties. Over the last 5 years, Houses in Moree have seen a 75.71% increase in median value, while Units have seen a 13.89% increase. As at 31 July 2024:

  • The median value for Houses in Moree is $262,386 while the median value for Units is $205,413.
  • Houses have a median rent of $380 while Units have a median rent of $280.
There are currently 72 properties listed for sale, and 29 properties listed for rent in Moree on OnTheHouse. According to CoreLogic's data, 215 properties were sold in the past 12 months in Moree.

Suburb Insights for Moree 2400

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Jason Humphries
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Ray White Rural Moree
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Disclaimer
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.