SOLD
Sold on 12 Aug 2024 for $1,225,000

1/130 Tamar Street
Ballina NSW 2478

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 171m2
Land area: 972m2
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Property Details for 1/130 Tamar St, Ballina

1/130 Tamar St, Ballina is a bedroom, bathroom Unit. The property has a land size of 972m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other bedroom Unit sold in Ballina in the last 12 months.

Building Type
Unit
Floor Size
171m2
Land Size
972m2
Local Government
Ballina
Lot/Plan
1/SP85836

Last Listing description (September 2024)

What a fantastic opportunity to acquire this blue-chip medical investment property in Ballina's CBD. This property boasts a brand-new 3-year lease with options extending to 2045, to long-term business Compounding Chemist. Modern 194m2 suite with an extensive tenant fit-out, this gem is in a boutique complex of 3, strategically positioned in Ballina's professional and medical hub - Tamar Street.

- Net Annual Rent: $76,298 + GST

- Rent Increases: Annually tied to Sydney CPI with Market Review at Options
- The tenant pays Council rates and charges and body corporate admin levies
- 4 car parks on title plus shared parking
- Depreciation benefits

Don't miss out on this exceptional, hassle-free investment opportunity to enhance your portfolio.

Property History for 1/130 Tamar St, Ballina, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$1,225,000
12 Aug 2024
  • 12 Aug 2024
    Sold for $1,225,000
  • 12 Apr 2024
    Listed for Sale Sold
  • 15 Jun 2015
    Listed for Sale $735,000 plus GST
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About Ballina 2478

The size of Ballina is approximately 21.5 square kilometres. It has 21 parks covering nearly 29.4% of total area. The population of Ballina in 2011 was 7,874 people. By 2016 the population was 8,655 showing a population growth of 9.9% in the area during that time. The predominant age group in Ballina is 60-69 years. Households in Ballina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballina work in a trades occupation. In 2011, 49.4% of the homes in Ballina were owner-occupied compared with 51.3% in 2016.

Ballina has 6,868 properties. Over the last 5 years, Houses in Ballina have seen a 56.81% increase in median value, while Units have seen a 39.96% increase. As at 31 October 2024:

  • The median value for Houses in Ballina is $896,485 while the median value for Units is $679,321.
  • Houses have a median rent of $690 while Units have a median rent of $515.
There are currently 49 properties listed for sale, and 23 properties listed for rent in Ballina on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in Ballina.

Suburb Insights for Ballina 2478

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LJ Hooker Ballina
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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.