SOLD
Sold on 15 Nov 2023 for $1,715,000

7 Edge Street
Boolaroo NSW 2284

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 6812m2
Sold By
Craig Watson
Commercial Collective
George Stylianos
Commercial Collective
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Property Details for 7 Edge St, Boolaroo

Building Type
Commercial
Land Size
6812m2
Local Government
Lake Macquarie
Lot/Plan
13/DP1170547

Last Listing description (November 2023)

For Sale by Auction on Wednesday 15 November at 11am via online portal Realtair

Located in the heart of Boolaroo's thriving industrial precinct, 7 Edge Street presents a unique investment opportunity with a lease offering a solid five-year term, complemented by an additional five-year option, ensuring consistent returns of $70,000 net per annum + GST. The property combines functionality with versatility, featuring 368 sqm of warehouse space and 85 sqm of premium showroom and office facilities. Its substantial land area of 6,812 sqm provides room for expansion and redevelopment, with the convenience of 10 dedicated car spaces further enhances its practicality. Zoned as E4 General Industrial, this property caters to a range of industrial uses, making it an attractive prospect for businesses seeking long-term stability and growth potential.

Key Features:

- Three roller doors 4.1m* wide x 4.2m* high
- 5m* - 6.3m* eave clearance plus racking for additional storage
- Private amenities including shower
- Glazed shopfront entry
- Excellent truck and large vehicle access
- 200 amps available with 3 x 415V power outlets
- Security system with cameras
- Zoned E4 General Industrial

*Approximately

Property History for 7 Edge St, Boolaroo, NSW 2284

A timeline of how this property has performed in the market
Last Sold
$1,715,000
15 Nov 2023
Listed for Rent
$1.39k/w
17 Feb 2023
  • 15 Nov 2023
    Sold for $1,715,000
  • 16 Oct 2023
    Listed for Sale Contact Agent
  • 23 Sep 2022
    Listed for Rent - Price not available
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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 1,438 properties.

    There are currently 7 properties listed for sale, and 6 properties listed for rent in Boolaroo on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Boolaroo.

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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.