SOLD
Sold on 18 Oct 2023 for $1,423,500

83 Aberdare Road
Aberdare NSW 2325

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2024m2
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Sold By
Jacob Siever
Commercial Collective
Jared Harris
Commercial Collective
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Property Details for 83 Aberdare Rd, Aberdare

Building Type
Commercial
Land Size
2024m2
Local Government
Cessnock
Lot/Plan
1/44/DP758002

Last Listing description (October 2023)

For Sale by Public Auction on Wednesday 18 October at 11am

83 Aberdare Road, Aberdare is a regional investment opportunity that combines strategic location, impressive net income, and substantial site attributes. The property presents key features that make it an enticing prospect for investors which include:

Key Features include:

- Net Income: This property offers a net income of $197,616* per annum, ensuring a consistent and substantial revenue stream.
- Lease Term: Lease to 2029 + options to 2039.
- Annual Reviews: Compounding fixed 3% annual rent reviews ensuring long term rental growth.
- Tenant Stability: The property benefits from a secure and established tenant. Aberdare Petroleum have leased the property since 2015.
- Prominent Frontage: Located on a major arterial road with a frontage spanning 40.14 meters* along Aberdare Road, the property offers visibility and accessibility. This substantial frontage enhances its appeal for commercial and retail enterprises, creating opportunities for heightened exposure and customer engagement.
- Site Area: On an expansive site area of 2,016.59sqm*, the property offers ample space for various future enhancements (STCA).
- Strategic R2 Zoning: The property's R2 Residential zoning adds flexibility in potential land use and to diverse development opportunities (STCA).

*Approximately

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Property History for 83 Aberdare Rd, Aberdare, NSW 2325

A timeline of how this property has performed in the market
Last Sold
$1,423,500
18 Oct 2023
  • 18 Oct 2023
    Sold for $1,423,500
  • 08 Sep 2023
    Listed for Sale Contact Agent
  • 06 Jul 2018
    Sold for $1,700,000
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About Aberdare 2325

The size of Aberdare is approximately 3.3 square kilometres. It has 4 parks covering nearly 3.5% of total area. The population of Aberdare in 2011 was 2,410 people. By 2016 the population was 2,477 showing a population growth of 2.8% in the area during that time. The predominant age group in Aberdare is 0-9 years. Households in Aberdare are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Aberdare work in a trades occupation. In 2011, 64% of the homes in Aberdare were owner-occupied compared with 61% in 2016.

Aberdare has 1,214 properties.

    There are currently 4 properties listed for sale, and no properties listed for rent in Aberdare on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Aberdare.

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