188 Boomerang DriveBlueys Beach NSW 2428
Property Details for 188 Boomerang Dr, Blueys Beach
Last Listing description (September 2022)
Ray White Forster Tuncurry in conjunction with Ray White Commercial - Metropolitan Sydney is pleased to present 188 Boomerang Drive, Blueys Beach, for sale via Expressions of Interest.
This spectacular investment opportunity offers the next owner a diversified, immediate and secure income stream in the coveted township and tourist destination, Blueys Beach.
The property comprises a modern, freehold building with two, fully leased shops on the ground floor and a spacious 3 bedroom residential flat upstairs. The residence has been strategically designed with a flexible floor plan so that it can be separated into two flats to take advantage of the holiday letting market.
In addition to being a short distance from the famous surfing beach, the subject property is located only 20 kms* from nearby Forster to the north and Newcastle is approximately 138 kilometres to the south west.
Additional highlights of the property are outlined below:
• Estimated fully leased net income of $129,259
• Two leased retail tenancies plus large first floor residence
• Building constructed 2014
• Exclusive and tightly held beachside suburb
• 150 m* to Blueys Beach
• Development upside (S.T.C.A)
• Site Area - 632.30 sqm*
This investment opportunity is offered for sale by Expressions of Interest closing on Wednesday 8th September at 3pm (AEST).
Call now to request further information or to book an onsite inspection.
Property History for 188 Boomerang Dr, Blueys Beach, NSW 2428
- 05 Aug 2021Listed for Sale FOR SALE
- 20 Aug 2014Sold for $1,340,000
- 28 Aug 2010Listed for Sale 625000
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About Blueys Beach 2428
The size of Blueys Beach is approximately 2.8 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Blueys Beach in 2011 was 434 people. By 2016 the population was 189 showing a population decline of 56.5% in the area during that time. The predominant age group in Blueys Beach is 60-69 years. Households in Blueys Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Blueys Beach work in a managers occupation. In 2011, 66.8% of the homes in Blueys Beach were owner-occupied compared with 78.1% in 2016.
Blueys Beach has 328 properties. Over the last 5 years, Houses in Blueys Beach have seen a 27.82% increase in median value, while Units have seen a 36.72% increase. As at 31 October 2024:
- The median value for Houses in Blueys Beach is $702,493 while the median value for Units is $664,604.
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