135 Fern StreetGerringong NSW 2534
Property Details for 135 Fern St, Gerringong
135 Fern St, Gerringong is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 167m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (February 2023)
A one of a kind, multi tenanted investment exists in the heart of the thriving township of Gerringong!
Comprising of 2 retail tenancies and 2 residential apartments, this superb south coast investment takes centre stage with its CBD location and high-volume foot traffic. Country meets coast in the picturesque town of Gerringong, dotting spectacular surf beaches, rugged farmland, rolling escarpments, prestige dining, award winning wineries and luxury accommodation all situated just under a 2-hour drive from Sydney.
This unparalleled opportunity is the perfect sea change for an owner occupier or investment opportunity that will take pride of place within the most discerning purchasers' portfolio. The offering provides the following key attributes:
All on one title with no strata
4 separate income streams, with total return approx $140,000pa
2 x retail tenants with established business
2 x residential apartments with excellent Airbnb history and occupancy
Newly renovated including new balcony, internal renovations, new electricals, plumbing, and a re-engineered structure
Includes 2 onsite parking spaces with driveway access from Belinda Street
Positioned within the heart of a well-supported and highly regarded retail precinct
For further information or to arrange an inspection, contact Kate Morgan on 0423 559 909
Property History for 135 Fern St, Gerringong, NSW 2534
- 01 Feb 2023Sold for $2,825,000
- 10 Aug 2022Listed for Sale 'The Fern' - A Trophy Investment
- 02 Apr 2020Listed for Rent - Price not available
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About Gerringong 2534
The size of Gerringong is approximately 10.9 square kilometres. It has 20 parks covering nearly 4% of total area. The population of Gerringong in 2011 was 3,456 people. By 2016 the population was 3,969 showing a population growth of 14.8% in the area during that time. The predominant age group in Gerringong is 50-59 years. Households in Gerringong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gerringong work in a professional occupation. In 2011, 73.2% of the homes in Gerringong were owner-occupied compared with 74.8% in 2016.
Gerringong has 2,483 properties. Over the last 5 years, Houses in Gerringong have seen a 79.60% increase in median value, while Units have seen a 56.55% increase. As at 30 September 2024:
- The median value for Houses in Gerringong is $1,620,633 while the median value for Units is $1,013,428.
- Houses have a median rent of $745 while Units have a median rent of $620.
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