356 Cressy StreetDeniliquin NSW 2710
Property Details for 356 Cressy St, Deniliquin
Last Listing description (July 2024)
An outstanding large commercial investment opportunity right in the heart of Deniliquin's CBD, ideal for a retail shop or large commercial office. The property is low maintenance and presents in excellent condition for its age. The location is second to none and always attracts high demand with prospective tenants. Currently occupied with two first class national tenants in Just Jeans and the Salvation Army. The building captures around 550 square metres (sqm) of internal floor space which is made up of around 360sqm of retail space, 130sqm of warehouse / storage and the balance being offices, wet areas and utilities. There are four undercover car parking spaces which is very attractive for staff or designated customer parking. The property is also serviced with excellent parking options, with both front and rear street available and a very handy paved undercover arcade / walkway along its southern boundary, connecting Cressy Street to Whitelock Street - an excellent advantage! The current annual rent is $46,372 / year (net) - equating to over 7% ROI. A safe and excellent investment!
Property History for 356 Cressy St, Deniliquin, NSW 2710
- 29 Jul 2024Listed for Sale Commercial Freehold - $585,000
- 31 May 2024Sold for $557,500
- 13 Feb 2024Listed for Sale Commercial Freehold - $585,000
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0About Deniliquin 2710
The size of Deniliquin is approximately 965.6 square kilometres. It has 41 parks covering nearly 1.3% of total area. The population of Deniliquin in 2011 was 7,493 people. By 2016 the population was 7,840 showing a population growth of 4.6% in the area during that time. The predominant age group in Deniliquin is 50-59 years. Households in Deniliquin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Deniliquin work in a professional occupation. In 2011, 68.5% of the homes in Deniliquin were owner-occupied compared with 68% in 2016.
Deniliquin has 4,996 properties. Over the last 5 years, Houses in Deniliquin have seen a 64.87% increase in median value, while Units have seen a 79.40% increase. As at 31 December 2024:
- The median value for Houses in Deniliquin is $323,899 while the median value for Units is $282,118.
- Houses have a median rent of $380 while Units have a median rent of $280.
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