SOLD
Sold on 17 Nov 2023 for $690,000

5 Storey Avenue
Eden NSW 2551

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1226m2
Sold By
Dan Greenlees
Greenlees Property
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Property Details for 5 Storey Ave, Eden

Building Type
Commercial
Land Size
1226m2
Local Government
Bega Valley
Lot/Plan
52/DP588476

Last Listing description (November 2023)

Eden Car & Boat Wash is well located in the industrial area of Eden, directly opposite the new 114 lot subdivision by Lincoln Place known as Eden Garden Estate.

This freehold car wash provides the ultimate in flexibility and is offered for sale with a secure lease agreement in place to a proven car wash operator returning $65,000pa (Net) for those looking for a set and forget investment, plus it comes with all the plant and equipment with the ability to occupy from 1 November 2024 for purchasers wishing to own and operate this well established and successful self-serve car wash (financials available upon request).

The site was established approximately 16 years ago and has only had one owner, with the offering consisting of;

- 4 x Self-Serve Bays

- 2 x Vacuums

- Vending & Change Machine

A full list of plant and equipment is available upon request.

Eden is a coastal town on the South Coast region of New South Wales, located between Sydney and Melbourne. The region has recently seen a significant transformation occurring with many large state and federal government project underway as well as institutions and property developers investing heavily in the region.

To be offered with a secure tenant in place and the option to operate this established local business, this property presents an opportunity for both astute investors and owner occupiers.

The property will be offered for purchase via online auction - please follow the link below to register;

Eden Car Wash - Online Auction

https://widget.auctionslive.com/widget/auctions/view/143961/qNyb

Property Code: 57

Property History for 5 Storey Ave, Eden, NSW 2551

A timeline of how this property has performed in the market
Last Sold
$690,000
17 Nov 2023
  • 17 Nov 2023
    Sold for $690,000
  • 26 Oct 2023
    Listed for Sale Auction
  • 08 Apr 2019
    Listed for Sale Not Disclosed
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About Eden 2551

The size of Eden is approximately 86.4 square kilometres. It has 21 parks covering nearly 85.4% of total area. The population of Eden in 2011 was 3,043 people. By 2016 the population was 3,153 showing a population growth of 3.6% in the area during that time. The predominant age group in Eden is 60-69 years. Households in Eden are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Eden work in a labourer occupation. In 2011, 60.6% of the homes in Eden were owner-occupied compared with 61.6% in 2016.

Eden has 2,327 properties. Over the last 5 years, Houses in Eden have seen a 61.04% increase in median value, while Units have seen a 53.40% increase. As at 31 August 2024:

  • The median value for Houses in Eden is $640,600 while the median value for Units is $416,973.
  • Houses have a median rent of $565 while Units have a median rent of $395.
There are currently 97 properties listed for sale, and 5 properties listed for rent in Eden on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Eden.

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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.