FOR SALE
$1,200,000

3 Wallis Avenue
Toormina NSW 2452

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 873m2
Land area: 1633m2
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Tenanted investment in popular location..

3 Wallis Avenue in Toormina provides great investment opportunity or could also suit owner occupiers looking for something to occupy in the future...
Providing a great mixture of high clearance industrial warehouse with showroom and offices, the property is currently split into two premises with leases expiring 2025 and 2026*.
The front premises provides approx. 483.23m2 NLA made up of ground floor showroom, 2 level air-conditioned office, warehouse and undercover awning areas and is leased to a blue-chip national tenant.
The rear premises provides approx. 352.82m2 NLA and is made up of warehouse and storage areas.
Each premises has their high-clearance access, kitchen and bathroom facilities
Current annual rental reflects $87,508/pa + GST with tenants paying most of the outgoings*
For further information or to arrange an inspection - please contact exclusive sale agents - Your Commercial Property Specialist:
Cherie Parik: 0423 369 999 or cherie@yourcps.com.au
Office: (02) 5606 2444 or admin@yourcps.com.au
We are your commercial property people - and we look forward to securing this premises for you/your client.
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Property Details for 3 Wallis Ave, Toormina

Building Type
Commercial
Floor Size
873m2
Land Size
1633m2

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About Toormina 2452

The size of Toormina is approximately 5.4 square kilometres. It has 11 parks covering nearly 16.1% of total area. The population of Toormina in 2011 was 6,075 people. By 2016 the population was 6,208 showing a population growth of 2.2% in the area during that time. The predominant age group in Toormina is 50-59 years. Households in Toormina are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Toormina work in a community and personal service occupation. In 2011, 54.6% of the homes in Toormina were owner-occupied compared with 55.1% in 2016.

Toormina has 3,338 properties. Over the last 5 years, Houses in Toormina have seen a 55.15% increase in median value, while Units have seen a 50.86% increase. As at 31 August 2024:

  • The median value for Houses in Toormina is $716,974 while the median value for Units is $509,876.
  • Houses have a median rent of $590 while Units have a median rent of $440.
There are currently 19 properties listed for sale, and 12 properties listed for rent in Toormina on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Toormina.

Suburb Insights for Toormina 2452

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Cherie Parik
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Your Commercial Property Specialist
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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.