71 Georgetown RoadGeorgetown NSW 2298
Property Details for 71 Georgetown Rd, Georgetown
Last Listing description (November 2023)
71 Georgetown Road, Georgetown is an exciting opportunity to purchase a fully leased property with a medical fit out.
Located on a corner block in the heart of Georgetown, the property has great signage opportunities and dual street frontage
The inside of the property features a large reception area and waiting area and (4) air-conditioned consulting rooms. The property also includes a kitchen and breakout room, separate staff amenities and a large storage room. In addition, the rear section of the property has staff car parking.
The property is currently leased to "Georgetown Arthritis" who have been occupying the property for over (20) years. There is a new (5) year lease in place with a (5) year option.
The property currently generates $80,000 per annum net with a lease in place until 2028 with a further (5) year option. The tenant pays 100% of the outgoings.
This investment must be sold!
For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Final bidding stage closes Wednesday 1 November @6pm. Contact Alan Tonks or Josh Barnes immediately to become qualified and avoid disappointment.
Property History for 71 Georgetown Rd, Georgetown, NSW 2298
- 01 Nov 2023Sold for $1,392,000
- 09 Oct 2023Listed for Sale Current Bid $1,050,000
- 24 Nov 2005Sold for $300,000
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0About Georgetown 2298
The size of Georgetown is approximately 0.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Georgetown in 2011 was 2,005 people. By 2016 the population was 1,967 showing a population decline of 1.9% in the area during that time. The predominant age group in Georgetown is 20-29 years. Households in Georgetown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Georgetown work in a professional occupation. In 2011, 68.4% of the homes in Georgetown were owner-occupied compared with 68.6% in 2016.
Georgetown has 1,001 properties. Over the last 5 years, Houses in Georgetown have seen a 62.18% increase in median value, while Units have seen a 52.25% increase. As at 31 October 2024:
- The median value for Houses in Georgetown is $898,542 while the median value for Units is $616,117.
- Houses have a median rent of $650 while Units have a median rent of $510.
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