126 River StreetBallina NSW 2478
Property Details for 126 River St, Ballina
126 River St, Ballina is a bedroom, bathroom House. The property has a land size of 237m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other bedroom House sold in Ballina in the last 12 months.
Last Listing description (July 2024)
Auction Location: Lennox Head Cultural Centre
Don't miss out on this exceptional investment opportunity situated in the heart of Ballina's central business district. Offered for the first time in three decades, this property boasts a prominent location on the main street with rear frontage to Cherry Lane.
Key details include:
Building area: 143m2 approx.
Land area: 250.9m2
Returning: $51,536.16 + GST
Tenant responsible for outgoings
Lease commenced on June 2nd, 2022, with a 5x5 year term
Freehold only not the business
Ballina is a vibrant regional hub in the Northern Rivers. Ballina's jet airport services up to 68 direct flights per week to Sydney, Melbourne, Canberra, Newcastle, and Dubbo. Boasting a growing population and low vacancy rates in the commercial sector, this freehold presents an excellent addition to your investment portfolio.
For more information, please contact marketing agents Dean Shay and Michael Shay.
Property History for 126 River St, Ballina, NSW 2478
- 04 Apr 2024Sold for $858,000
- 04 Mar 2024Listed for Sale Auction
- 19 Jan 2016Listed for Sale $130,000 + SAV
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0About 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 6,869 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.
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