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21B/16 Washington Avenue
Niagara Park NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 507m2
Land area: 507m2
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Long term lease to multi-located tenant with strong yield!

LJ Hooker Commercial are proud to present this secure commercial aquatic investment for sale by way of private treaty.
Enjoying a 10-year lease with options to 2043, the property suits the astute investor searching for a secure long-term investment with a solid tenant operating across multiple locations.
The tenant, 5 Star Swim Schools has been operating across the Central Coast for many years offering a versatile range of aquatic programs specializing in learn to swim for babies, preschoolers, school aged children, teenagers and adults, aquarobics and general lap swimming. 5 Star Swim Schools are recognized as the leading aquatic education facilities on the Central Coast with 5 schools located at Erina, 2 x Kincumber, Niagara Park & Tuggerah.
The property forms part of Valley Plaza Niagara Park, a well-maintained local Neighbourhood Shopping Centre frequented by families comprising of multiple specialty shops, local supermarket, take-away shop & cake shop.
The property is situated adjacent to an Indoor Sports Centre/Basketball Stadium & Daycare Centre enjoying solid patronage from surrounds with its range of learn to swim classes offered appealing to local families.
Features include
Strategic location within a Neighbourhood Centre adjacent to a Daycare Centre, Indoor Stadium & Primary School.
Successful long-term tenant operating for many years on the Central Coast.
Secure 10-year lease to May 2028 + options to 2043.
Surrounded by residential catchments & adjacent to Niagara Park Train Station.
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Property Details for 21b/16 Washington Ave, Niagara Park

Building Type
Commercial
Floor Size
507m2
Land Size
507m2

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About Niagara Park 2250

The size of Niagara Park is approximately 3.8 square kilometres. It has 9 parks covering nearly 5.2% of total area. The population of Niagara Park in 2011 was 2,814 people. By 2016 the population was 2,771 showing a population decline of 1.5% in the area during that time. The predominant age group in Niagara Park is 50-59 years. Households in Niagara Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Niagara Park work in a professional occupation. In 2011, 71.5% of the homes in Niagara Park were owner-occupied compared with 72.4% in 2016.

Niagara Park has 1,164 properties. Over the last 5 years, Houses in Niagara Park have seen a 60.53% increase in median value, while Units have seen a 27.77% increase. As at 30 November 2024:

  • The median value for Houses in Niagara Park is $923,170 while the median value for Units is $662,303.
  • Houses have a median rent of $610 while Units have a median rent of $550.
There are currently 5 properties listed for sale, and 2 properties listed for rent in Niagara park on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Niagara park.

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Ben Purdue
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Tom Bore
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LJ Hooker Commercial Terrigal
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