SOLD
Sold on 27 Jan 2024 - Price Unavailable

155 Tongarra Road
Albion Park NSW 2527

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 852m2
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Property Details for 155 Tongarra Rd, Albion Park

Building Type
Land
Land Size
852m2
Local Government
Shellharbour
Lot/Plan
581/DP1197819

Last Listing description (July 2023)

Colliers Wollongong are delighted to present an exceptional opportunity to purchase 155-161 Tongarra Road, Albion Park.

Positioned in the heart of the Illawarra's growth corridor, 155-161 Tongarra Road Albion Park is perfectly aligned to take advantage of being located in one of NSW's most rapidly developing growth areas. Ideally positioned to capitalise on this significant growth, the property is located in the heart of the Albion Park town centre fronting the A48 Illawarra Highway (Tongarra Road).

Comprised of 5 amalgamated lots, the property totals an approximate developable land area of 2,665m2. Currently producing a gross income of $116,872.29 per annum, the Property can provide beneficial cashflow during any planning process. Development opportunities in this location and on this scale are a rare find.

Prominent high street position with 3 frontages
Total land area of approx. 2,665m over 5 lots
Current gross annual income of $116,872 per annum
Zoned B2 local centre with a FSR of 1.5:1 and a height limit of 12m
Rare opportunity to redevelop in this location*

*Subject to council approval

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Property History for 155 Tongarra Rd, Albion Park, NSW 2527

A timeline of how this property has performed in the market
Last Sold
27 Jan 2024
  • 27 Jan 2024
    Sold
  • 19 Jul 2023
    Listed for Sale Price Upon Application
  • 20 Feb 2019
    Listed for Sale Price Upon Application

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About Albion Park 2527

The size of Albion Park is approximately 9.1 square kilometres. It has 37 parks covering nearly 11.7% of total area. The population of Albion Park in 2011 was 12,871 people. By 2016 the population was 13,313 showing a population growth of 3.4% in the area during that time. The predominant age group in Albion Park is 10-19 years. Households in Albion Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion Park work in a trades occupation. In 2011, 81.8% of the homes in Albion Park were owner-occupied compared with 80.5% in 2016.

Albion Park has 5,934 properties. Over the last 5 years, Houses in Albion Park have seen a 58.05% increase in median value, while Units have seen a 48.20% increase. As at 31 October 2024:

  • The median value for Houses in Albion Park is $965,947 while the median value for Units is $710,827.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 37 properties listed for sale, and 3 properties listed for rent in Albion park on OnTheHouse. According to CoreLogic's data, 263 properties were sold in the past 12 months in Albion park.

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