FOR SALE
$1,348,000 as a going concern

8 & 10-12 Manning Street
Taree NSW 2430

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 330m2
Land area: 330m2
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Two Fully Leased Adjoining CBD Freehold Buildings

First National Commercial Shultz / Taree are pleased to offer for Sale Two adjoining freehold titles located in the heart of Taree CBD known as 8 & 10-12 Manning Street, Taree.
Situated along the busy retail strip of Manning Street, both buildings are offered with new leases in place and provides long term investment or potential future redevelopment opportunities.
8 Manning Street
• New 3 year lease to New Era Technologies
• Refurbished 2 level premises with internal stair access and amenities
• 120sqm approx. total internal area
• Glass shop front with high exposure to passing Manning Street traffic
• Annual Net Rental: $28,500pa + GST
• Lessee responsible for 100% of outgoings including council, water and insurance
10-12 Manning Street
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Property Details for 8 & 10-12 Manning St, Taree

Building Type
Commercial
Floor Size
330m2
Land 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 9,603 properties. Over the last 5 years, Houses in Taree have seen a 64.13% increase in median value, while Units have seen a 46.92% increase. As at 30 November 2024:

  • The median value for Houses in Taree is $467,513 while the median value for Units is $356,355.
  • Houses have a median rent of $460 while Units have a median rent of $360.
There are currently 98 properties listed for sale, and 31 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 371 properties were sold in the past 12 months in Taree.

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Dan Shultz
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First National Real Estate Shultz / Taree
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