SOLD
Sold on 04 Jul 2024 for $2,100,000

11 Piper Drive
Ballina NSW 2478

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1308m2
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Property Details for 11 Piper Dr, Ballina

Building Type
Commercial
Land Size
1308m2
Local Government
Ballina
Lot/Plan
47/DP851587

Last Listing description (October 2024)

Auction Location: Lennox Head Cultural Centre

Rare large, single freestanding shed strategically located in Ballina's premier industrial estate. Concrete tilt-up construction, high clearance with 4.5m high roller doors. Current tenant has a 5-year lease plus 5 year option.

Land area: 1,308m2
Building area: 737m2 approx.
Current lease: 1.9.2020 31.8.2025
Option: 5 Years
Current rent: $84,133 + GST p.a. (September 2023)
Outgoings: Tenant pays Council Rates, water/sewer charges and building insurance

Landlord pays fire inspection ($1,500 approx. per annum).

What an opportunity. Here's your chance to purchase a superb industrial property right in the heart of Ballina's Airport Industrial Estate, close to the Harvey Norman Homemaker Centre and other national and local businesses.

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Property History for 11 Piper Dr, Ballina, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$2,100,000
04 Jul 2024
Listed for Rent
$1.50k/w
03 Sep 2020
  • 04 Jul 2024
    Sold for $2,100,000
  • 04 Jun 2024
    Listed for Sale Sold
  • 03 Sep 2020
    Listed for Sale Not Disclosed
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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.

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