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Sold on 22 Dec 2023 for $1,050,000

23 Groves Road
Bennetts Green NSW 2290

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 105m2
Land area: 594m2
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Property Details for 23 Groves Rd, Bennetts Green

Building Type
Commercial
Floor Size
105m2
Land Size
594m2
Local Government
Lake Macquarie
Lot/Plan
8/DP22868

Last Listing description (December 2023)

ONLINE AUCTION - If not sold prior

DATE: 29/02/23 if not sold prior

Venue: In office Raine & Horne Commercial 418 Hunter Street Newcastle

OWNER OCCUPY OR INVEST - Triple income earner

• 3 Bedroom house/office
• 2 Industrial units

Unit 1
• 110m2
• 10m2 lower office
• 10m2 upper mezzanine storage
• Shower & Toilet
• Roller door access and glass façade entry

Unit 2
• 55m2 lower level showroom
• 55m2 upper level offices
• Shower & Toilet
• Roller door access and glass façade entry

Located in the heart of Bennetts Green, this property benefits from high visibility and excellent passing traffic. Its strategic position ensures maximum exposure to potential customers, guaranteeing a steady stream of business opportunities. in the bustling E3 Productive Support zone close to Harvey Norman, Bunnings Supa Centre and the recently developed Bennetts Green Business Park.

This property lends itself to both the owner occupier looking live and work with in this outstanding Industrial estate or the savvy investor looking for a triple income generation industrial investment in a flexible E3 zoning.

Total potential income $64,980 net per annum + GST & Outgoings

Sold as vacant possession

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Property History for 23 Groves Rd, Bennetts Green, NSW 2290

A timeline of how this property has performed in the market
Last Sold
$1,050,000
22 Dec 2023
Listed for Rent
$340/w
02 Feb 2022
  • 22 Dec 2023
    Sold for $1,050,000
  • 14 Dec 2023
    Listed for Sale Auction
  • 30 Jul 2020
    Listed for Rent $320 / week
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About Bennetts Green 2290

The size of Bennetts Green is approximately 3.5 square kilometres. It has 2 parks covering nearly 3.1% of total area. The population of Bennetts Green in 2011 was 3,119 people. By 2016 the population was 10 showing a population decline of 99.7% in the area during that time. The predominant age group in Bennetts Green is 60-69 years. Households in Bennetts Green are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bennetts Green work in a community and personal service occupation. In 2006, 45.7% of the homes in Bennetts Green were owner-occupied compared with 81.7% in 2011..

Bennetts Green has 316 properties. As at 30 September 2024:

  • The median value for Houses in Bennetts Green is $771,483 while the median value for Units is $741,463.
There are currently 1 property listed for sale, and 6 properties listed for rent in Bennetts green on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Bennetts green.

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Suburb Insights for Bennetts Green 2290

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Contact agent
Warren Plumb
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Reece Harrison
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Raine & Horne Commercial New Castle
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