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Sold on 17 Apr 2024 - Price Unavailable

5/10 Lorraine Avenue
Berkeley Vale NSW 2261

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 37m2
Land area: 2480m2
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Property Details for 5/10 Lorraine Ave, Berkeley Vale

Building Type
Commercial
Floor Size
37m2
Land Size
2480m2

Last Listing description (April 2024)

Positioned in a sought-after complex across the road from the Berkeley over 55's retirement village, sits this unique offering. The property is located in a complex that consists of seven retail shops.

The shop is currently used as a Physiotherapist practice with a three-year lease in place surrounded by other units consisting of professional businesses including a medical practice and pharmacy.

Approximately 37m2 of commercial/retail space that includes 2 x consulting rooms, reception area and kitchenette/staff area with ample car parking.

Zoned R1, this unique offering suits an astute investor looking for a set and forget investment with a solid tenant.

• Currently returning $1,840 per month plus all outgoings
• New three-year lease in place with the current tenant operating out of the space for the past six years
• Rates $1,114 per year, Strata $826 per qtr
• R1 zoning
• Located in a complex of seven shops offering professional services
• Located next door to a retirement and aged care facility

Call Ian Boyle today on 0416 169 606 to inspect the property.

Disclaimer: All information about the property has been provided to Ray White Berkeley Vale by third parties. Ray White Berkeley Vale has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property. We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 5/10 Lorraine Ave, Berkeley Vale, NSW 2261

A timeline of how this property has performed in the market
Last Sold
17 Apr 2024
Listed for Rent
$345/w
14 Jul 2009
  • 17 Apr 2024
    Sold for $400,000
  • 13 Mar 2024
    Listed for Sale Guide $399,000 no Gst Applicable
  • 29 Oct 2008
    Listed for Rent $18,000 / year
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About Berkeley Vale 2261

The size of Berkeley Vale is approximately 6.1 square kilometres. It has 20 parks covering nearly 12.1% of total area. The population of Berkeley Vale in 2011 was 8,486 people. By 2016 the population was 8,376 showing a population decline of 1.3% in the area during that time. The predominant age group in Berkeley Vale is 0-9 years. Households in Berkeley Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berkeley Vale work in a trades occupation. In 2011, 75.8% of the homes in Berkeley Vale were owner-occupied compared with 75.6% in 2016.

Berkeley Vale has 4,010 properties. Over the last 5 years, Houses in Berkeley Vale have seen a 59.30% increase in median value, while Units have seen a 30.00% increase. As at 30 November 2024:

  • The median value for Houses in Berkeley Vale is $887,747 while the median value for Units is $404,423.
  • Houses have a median rent of $625 while Units have a median rent of $450.
There are currently 37 properties listed for sale, and 10 properties listed for rent in Berkeley vale on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Berkeley vale.

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Ian Boyle
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Blair Ryan
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Ray White Berkeley Vale
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