OFF MARKET

111 Munibung Road
Boolaroo NSW 2284

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 13080m2
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Property Details for 111 Munibung Rd, Boolaroo

Building Type
Commercial
Land Size
13080m2
Local Government
Lake Macquarie
Lot/Plan
3/DP1170547

Last Listing description (September 2023)

111 Munibung Road, Boolaroo is a modern first-class industrial facility located on busy Munibung Road and positioned within the popular industrial precinct.

The state-of-the-art facility will be offered with a new 10 + 5 + 5 year lease in place to fourth generation Australian owned global tools manufacturer Sheffield Group Pty Ltd with a rental return of $1,200,000 net per annum plus GST.

- Total office area 1,715sqm*

- Total building area 6,981sqm*
- Net income of $1,200,000 per annum plus GST
- New 10 + 5 + 5 year lease to Sheffield Group
- Architecturally A Grade fitout
- Showpiece reception and waiting area
- Large boardroom with audio visual capabilities
- Conference room for 20pax
- Display showroom
- Multiple kitchens / lunchroom
- Lift access
- Directors suite
- Multiple amenities with end-of-trip facilities

*Approximately

Property History for 111 Munibung Rd, Boolaroo, NSW 2284

A timeline of how this property has performed in the market
Last Sold
$17,867,014
19 Sep 2023
  • 19 Sep 2023
    Sold for $17,867,014
  • 15 Jun 2023
    Listed for Sale Contact Agent
  • 07 Nov 2014
    Listed for Sale Not Disclosed
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About Boolaroo 2284

The size of Boolaroo is approximately 2.7 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Boolaroo in 2011 was 933 people. By 2016 the population was 1,042 showing a population growth of 11.7% in the area during that time. The predominant age group in Boolaroo is 50-59 years. Households in Boolaroo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Boolaroo work in a trades occupation. In 2011, 68.9% of the homes in Boolaroo were owner-occupied compared with 67.8% in 2016.

Boolaroo has 1,445 properties. Over the last 5 years, Houses in Boolaroo have seen a 85.32% increase in median value, while Units have seen a 64.41% increase. As at 31 August 2024:

  • The median value for Houses in Boolaroo is $911,023 while the median value for Units is $667,932.
  • Houses have a median rent of $640 while Units have a median rent of $485.
There are currently 14 properties listed for sale, and 4 properties listed for rent in Boolaroo on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Boolaroo.

Suburb Insights for Boolaroo 2284

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.