OFF MARKET

6 Bunga Street
Bermagui NSW 2546

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 104m2
Land area: 613m2
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Last updated 18 Nov 2024
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Property Details for 6 Bunga St, Bermagui

6 Bunga St, Bermagui is a 3 bedroom, 1 bathroom House. The property has a land size of 613m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in August 2002.

Building Type
House
Floor Size
104m2
Land Size
613m2
Local Government
Bega Valley
Lot/Plan
3/16/DP758095

Last Listing description (May 2024)

Properties in the tightly-held town centre of Bermagui don't come on the market very often.
This property consists of two separate shops in central Bermagui with a private residence attached. The central location offers long term reliable commercial rental opportunities.

Both shops are currently on long term leases:
Shop 1 - Until June 2024 with the option to renew for another 2 years.
Shop 2 - Until June 2027.

The current commercial leases allow for a CPI increase at the anniversary of the lease commencement each year. Each tenant is required to pay 33.33% of outgoings with the owner paying the remaining 33.33%.

The residential premises are untenanted as the owners use it for family holidays.

With the three-bedroom house rented permanently, the total potential annual income would be approximately $47,000.

All documentation available.

Call Steve from LJHooker Narooma for more information.

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Property History for 6 Bunga St, Bermagui, NSW 2546

A timeline of how this property has performed in the market
Last Sold
$195,000
05 Aug 2002
Listed for Rent
$400/w
25 Jul 2023
  • 26 Jun 2023
    Listed for Rent $400 / week
  • 24 Feb 2022
    Listed for Sale $1,700,000
  • 06 Aug 2008
    Listed for Rent - Price not available
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About Bermagui 2546

The size of Bermagui is approximately 44.4 square kilometres. It has 11 parks covering nearly 54.4% of total area. The population of Bermagui in 2011 was 1,670 people. By 2016 the population was 1,544 showing a population decline of 7.5% in the area during that time. The predominant age group in Bermagui is 60-69 years. Households in Bermagui are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bermagui work in a trades occupation. In 2011, 69.4% of the homes in Bermagui were owner-occupied compared with 68.8% in 2016.

Bermagui has 1,618 properties. Over the last 5 years, Houses in Bermagui have seen a 83.01% increase in median value, while Units have seen a 50.30% increase. As at 31 October 2024:

  • The median value for Houses in Bermagui is $986,604 while the median value for Units is $571,364.
  • Houses have a median rent of $585 while Units have a median rent of $420.
There are currently 44 properties listed for sale, and 2 properties listed for rent in Bermagui on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Bermagui.

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