FOR SALE
$899,000 as a going concern

10-12 Manning Street
Taree NSW 2430

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 330m2
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Dual Income CBD Investment

First National Commercial Shultz / Taree are pleased to offer For Sale 10-12 Manning Street, Taree.
Situated along the busy retail strip of Manning Street, the building is offered with new leases in place and provides long term investment or potential future redevelopment opportunities.
• Existing 3 year lease to ground floor tenants H&R Block with open plan modern layout
• New 2 Lease to First Floor office tenants ARTC (Australian Rail Track Corporation)
• Total building area – 330sqm approx. over both levels
• Separate tenancy access and amenities
• Ample on street parking plus rear access to large public car park
• Neighbouring retail tenants including IGA, Reject Shop, Flight Centre, Best n Less and NRMA
• Total Gross income: $66,722pa Gross + GST (Estimated $55,500pa + GST Net Income)
For Sale - $899,000 as a going concern
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Property Details for 10-12 Manning St, Taree

Building Type
Commercial
Floor Size
330m2

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About Taree 2430

The size of Taree is approximately 47.8 square kilometres. It has 44 parks covering nearly 5.7% of total area. The population of Taree in 2011 was 15,848 people. By 2016 the population was 16,214 showing a population growth of 2.3% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a professional occupation. In 2011, 59.7% of the homes in Taree were owner-occupied compared with 58.5% in 2016.

Taree has 9,544 properties. Over the last 5 years, Houses in Taree have seen a 62.82% increase in median value, while Units have seen a 38.13% increase. As at 30 September 2024:

  • The median value for Houses in Taree is $462,320 while the median value for Units is $342,987.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 107 properties listed for sale, and 34 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 380 properties were sold in the past 12 months in Taree.

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Dan Shultz
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