OFF MARKET

1/6-10 Sturt Highway
Buronga NSW 2739

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 778m2
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Last updated 11 Nov 2024
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Property Details for 1/6-10 Sturt Hwy, Buronga

1/6-10 Sturt Hwy, Buronga is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 778m2 and floor size of 88m2.

Building Type
Unit
Floor Size
88m2
Land Size
778m2
Local Government
Wentworth

Last Listing description (September 2020)

In these tough times you simply can't beat bricks mortar investment, and these eight (8) commercial properties situated on the busy Sturt Highway represent outstanding value for money.Location and exposure are the key elements to a successful investment strategy and this complex has it all.Buronga is at the gateway to the city of Mildura, and has a wide variety of businesses across its township, including long established Motels, Hotels, Post Office, Service Stations, Transport companies, Steel suppliers and numerous Food outlets including a Supermarket!With frontage to the Sturt Highway, and the junction of the Silver City Highway, these 8 retail shops are the Investors dream - Brick construction glass frontages, ample and convenient off street parking.Executive summaryUnit 11 - 127m2 - Vacant - $16,000 rental p.a.Unit 12 - 81m2 - Tenanted - $12,360 rental p.a Lease expiry 31.01.2021 - Options 2+2yrsUnit 13 - 77m2 - Tenanted - $12,818 rental p.a. Lease expiry 31.01.2022 - Options 2+2yrsUnit 14+15 - 144m2 - Tenanted - $16,536 rental p.a. Lease expiry 30.11.2022 - Options 5yrsUnit 16 - 77m2 - Tenanted - $13,000 rental p.a. Lease expiry 30.06.2020 - Options 3yrsUnit 17 - 81m2 - Vacant - $13,510 rental p.a. Unit 17a - 127m2 - Tenanted- $16,000 rental p.a. Lease expiry 30.06.2022 - Options 3yrsTotal if all tenanted $100,224 per annum

Property History for 1/6-10 Sturt Hwy, Buronga, NSW 2739

A timeline of how this property has performed in the market
  • 20 Aug 2020
    Listed for Sale $990,000
  • 18 Oct 2018
    Listed for Rent $12,000 / year

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About Buronga 2739

The size of Buronga is approximately 15.1 square kilometres. The population of Buronga in 2011 was 1,131 people. By 2016 the population was 1,233 showing a population growth of 9.0% in the area during that time. The predominant age group in Buronga is 0-9 years. Households in Buronga are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Buronga work in a trades occupation. In 2011, 68.1% of the homes in Buronga were owner-occupied compared with 71% in 2016.

Buronga has 852 properties. Over the last 5 years, Houses in Buronga have seen a 64.46% increase in median value, while Units have seen a 50.65% increase. As at 31 October 2024:

  • The median value for Houses in Buronga is $381,441 while the median value for Units is $205,187.
  • Houses have a median rent of $450 while Units have a median rent of $300.
There are currently 11 properties listed for sale, and 4 properties listed for rent in Buronga on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Buronga.

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