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Sold on 24 May 2024 - Price Unavailable

71 Main Street
Alstonville NSW 2477

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 1013m2
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Property Details for 71 Main St, Alstonville

71 Main St, Alstonville is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1013m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 5 bedroom House sold in Alstonville in the last 12 months.

Building Type
House
Land Size
1013m2
Local Government
Ballina
Lot/Plan
6/DP920811

Last Listing description (May 2024)

An opportunity to purchase such a diverse investment is a rarity ... with income from commercial & residential and with future development potential (s.t.c.a). Located in the Alstonville CBD within easy walking access to Alstonville's shops, doctors, sporting fields & schools. Excellent exposure from passing traffic.

A bustling food & homewares commercial shop fronts onto Alstonville's Main St & has recently signed a new 5 x 5-year lease at $23,400pa (ex GST) with yearly CPI rent reviews. The lease commenced on 23/11/23.

The attached residence has potentially 5-6 bedrooms, plus a sleepout, two bathrooms, an open plan kitchen, dining & family area plus there's a large backyard to utilise. A renovation of the residence would create an opportunity to increase the current weekly rent. There is potential to convert the residence to an office space or consultation rooms (s.t.c.a.). Currently, the 1-year lease commenced on 25/1/24 at $27,530 pa. NB: New roof installed in 2021.

With BLEP 2012 - E1 Local Centre zoning there is potential for a boundary realignment of the existing two lots (Lots 6 & 7) to create separate shop top housing or a residential dwelling a the rear of the property. Alternatively, with land size of 1,013sqm also opportunity for expansion of the existing commercial space, via a extending the building or by creating more customer/tenant car parking (s.t.c.a.). Consultant reports commissioned by the current owners for a potential DA are available to review on request for serious buyers and include planning, design, environmental, building and accessibility considerations. Pre DA meeting notes from Council are also available.

An investment opportunity to purchase in Alstonville's tightly held Main Street.

For all enquiries, please contact Exclusive Agents: Richard Campbell 0414 286138 or Tim Jeffery 0404 146371.

Property History for 71 Main St, Alstonville, NSW 2477

A timeline of how this property has performed in the market
Last Sold
24 May 2024
Listed for Rent
$460/w
28 Oct 2023
  • 23 May 2024
    Sold for $1,100,000
  • 01 Mar 2024
    Listed for Sale Sold
  • 20 Oct 2018
    Listed for Rent $330 / week
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About Alstonville 2477

The size of Alstonville is approximately 29 square kilometres. It has 23 parks covering nearly 2.3% of total area. The population of Alstonville in 2011 was 5,647 people. By 2016 the population was 5,720 showing a population growth of 1.3% in the area during that time. The predominant age group in Alstonville is 60-69 years. Households in Alstonville are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Alstonville work in a professional occupation. In 2011, 73.4% of the homes in Alstonville were owner-occupied compared with 72.8% in 2016.

Alstonville has 3,408 properties. Over the last 5 years, Houses in Alstonville have seen a 63.83% increase in median value, while Units have seen a 69.13% increase. As at 31 July 2024:

  • The median value for Houses in Alstonville is $876,092 while the median value for Units is $593,543.
  • Houses have a median rent of $630 while Units have a median rent of $535.
There are currently 26 properties listed for sale, and 12 properties listed for rent in Alstonville on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in Alstonville.

Suburb Insights for Alstonville 2477

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Contact agent
Richard Campbell
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Tim Jeffery
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LJ Hooker Alstonville
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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.