SOLD
Sold on 27 Mar 2024 for $2,050,000

210 Princes Highway
Fairy Meadow NSW 2519

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 224m2
Land area: 1082m2
Sold By
Singer Residential Jannali
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Property Details for 210 Princes Hwy, Fairy Meadow

Building Type
Commercial
Floor Size
224m2
Land Size
1082m2
Local Government
Wollongong
Lot/Plan
6/DP270162

Last Listing description (April 2024)

landholding in the bustling suburb of Fairy Meadow, NSW. This premier commercial premises boasts an enviable location with established tenants including Subway and Nutrition Warehouse, ensuring steady rental income.

Key Features:

Prime Location: Situated in the heart of Fairy Meadow, NSW, this property enjoys proximity to the freeway, making it easily accessible for both customers and deliveries.

Close to Wollongong Beaches: Embrace the coastal lifestyle with the convenience of being just a stone's throw away from the picturesque Wollongong beaches, attracting a steady flow of locals and tourists alike.

Strong Rental Return:

Subway: 5+ 5 year lease with 3% increase per year.

Nutrition Warehouse: 8 year lease + 3 year option @ 4% increase per year. with potential 8%-10% Market Review October 2024

Enjoy a solid rental return of $131,707 per annum + GST, plus a steady CPI rental increase per year, providing investors with a lucrative income stream.

Secure Lease: Benefit from a secure 5x5 plus current 8 year + 3 year option executed leases in place with reputable tenants, ensuring stability and peace of mind for investors.

Ideal for Investors and Hedge Funds or self managed super finds : Perfectly suited for savvy investors and hedge funds seeking a secure and profitable commercial property investment opportunity.

Whether you're looking to diversify your investment portfolio or capitalize on the thriving commercial real estate market, this property presents an unmissable opportunity to secure a valuable asset in a high-demand location.

Don't miss out on this chance to own a premium commercial property with strong rental returns and immense growth potential.

Contact us today to arrange a viewing and take the first step towards securing your financial future!

Property History for 210 Princes Hwy, Fairy Meadow, NSW 2519

A timeline of how this property has performed in the market
Last Sold
$2,050,000
27 Mar 2024
Listed for Rent
$1.44k/w
12 Feb 2011
  • 27 Mar 2024
    Sold for $2,050,000
  • 12 Feb 2024
    Listed for Sale Under Offer
  • 31 Oct 2010
    Listed for Rent - Price not available
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About Fairy Meadow 2519

The size of Fairy Meadow is approximately 3.5 square kilometres. It has 22 parks covering nearly 21.2% of total area. The population of Fairy Meadow in 2011 was 6,586 people. By 2016 the population was 7,404 showing a population growth of 12.4% in the area during that time. The predominant age group in Fairy Meadow is 20-29 years. Households in Fairy Meadow are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fairy Meadow work in a professional occupation. In 2011, 57.2% of the homes in Fairy Meadow were owner-occupied compared with 55.7% in 2016.

Fairy Meadow has 4,009 properties. Over the last 5 years, Houses in Fairy Meadow have seen a 67.45% increase in median value, while Units have seen a 43.77% increase. As at 30 September 2024:

  • The median value for Houses in Fairy Meadow is $1,206,896 while the median value for Units is $720,635.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 16 properties listed for sale, and 16 properties listed for rent in Fairy meadow on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Fairy meadow.

Suburb Insights for Fairy Meadow 2519

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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.