SOLD
Sold on 11 Mar 2024 for $1,965,000

428A Princes Highway
Corrimal NSW 2518

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 968m2
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Property Details for 428a Princes Hwy, Corrimal

Building Type
Commercial
Land Size
968m2
Local Government
Wollongong
Lot/Plan
A/DP383630

Last Listing description (November 2023)

Prime Highway exposure with wide frontage approximately 20 meters with rear and frontage access to Mary Ann Street.

Three lots of rental returns Shop A 99 sqm show room, Shop B 395 sqm show room plus workshop and a 3-bedroom apartment.

Each property has rear vehicle access from Mary Ann St with both shops A & B with Highway access for clients with street parking. All three at currently leased.

Zoned E3 Productivity Support, allowing a wide range of activities and surrounded by an in established quality business precinct.

Total rental return $108,000 PA.

The Important Numbers:
Council Rates - $2,664pq
Water Rates - $415pq

*This advertising has been prepared by MMJ Real Estate (MMJ) for the purpose of advertising and general information only. MMJ do not guarantee, represent or warrant that the information contained in this advertising is correct. Any interested party should undertake their own inquiries.

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Property History for 428a Princes Hwy, Corrimal, NSW 2518

A timeline of how this property has performed in the market
Last Sold
$1,965,000
11 Mar 2024
Listed for Rent
$11/w
24 Sep 2018
  • 11 Mar 2024
    Sold for $1,965,000
  • 19 Sep 2023
    Listed for Sale $2,200,000
  • 20 Jun 2018
    Listed for Rent $28,600 / year
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About Corrimal 2518

The size of Corrimal is approximately 5.1 square kilometres. It has 25 parks covering nearly 29.1% of total area. The population of Corrimal in 2011 was 6,324 people. By 2016 the population was 6,496 showing a population growth of 2.7% in the area during that time. The predominant age group in Corrimal is 50-59 years. Households in Corrimal are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Corrimal work in a professional occupation. In 2011, 67.3% of the homes in Corrimal were owner-occupied compared with 66.1% in 2016.

Corrimal has 3,756 properties. Over the last 5 years, Houses in Corrimal have seen a 80.32% increase in median value, while Units have seen a 41.11% increase. As at 31 July 2024:

  • The median value for Houses in Corrimal is $1,169,964 while the median value for Units is $708,316.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 13 properties listed for sale, and 9 properties listed for rent in Corrimal on OnTheHouse. According to CoreLogic's data, 157 properties were sold in the past 12 months in Corrimal.

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Charles Hegyi
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MMJ North - Corrimal
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