197 Baylis StreetWagga Wagga NSW 2650
Property Details for 197 Baylis St, Wagga Wagga
Last Listing description (July 2024)
Raine & Horne Commercial is pleased to present a Multi Tenanted Commercial Investment opportunity to the Market.
197 Baylis Street comprises of two Office/Medical tenancies, existing tenants in place include a Hearing Aid Specialist & a Local RSL LifeCare Office.
Perfectly positioned on the main Street in Wagga. This strong commercial position provides excellent signage opportunities & amazing exposure for tenants.
The property has been well looked after and presents a great opportunity to Invest in an up and coming location.
• Tenancy One, features a reception area with counter, two well sized consulting rooms both with basins, staff kitchen meals area with built in kitchenette as well as an additional storeroom.
• Tenancy Two, features an open plan reception area with a utility storeroom off reception including a built-in wash basin with cabinetry for storage. Off reception you have two offices, file storage room and a large kitchen and staff meals area.
Both tenancies have reverse cycle heating and cooling for all year round comfort.
The property enjoys rear lane access off Thompson Street, providing four reserved car spaces at the rear of the building for tenants use. All tenancies have front & rear access.
Presenting a secure investment opportunity with two leases in place to quality established tenants.
*Note front façade will be re painted by Vendor prior to property settlement.
For pricing information please contact the listing agents.
Property History for 197 Baylis St, Wagga Wagga, NSW 2650
- 26 Jul 2024Sold for $620,000
- 12 Jun 2024Listed for Sale Price Upon Application
- 26 Feb 2024Sold
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0About Wagga Wagga 2650
The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.
Wagga Wagga has 6,071 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 64.44% increase in median value, while Units have seen a 75.83% increase. As at 31 August 2024:
- The median value for Houses in Wagga Wagga is $563,773 while the median value for Units is $371,427.
- Houses have a median rent of $490 while Units have a median rent of $380.
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