18/123-125 Fern StreetGerringong NSW 2534
Property Details for 18/123-125 Fern St, Gerringong
18/123-125 Fern St, Gerringong is a 0 bedroom, 0 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (July 2022)
Excellent investment opportunity. We have two adjoining commercial properties available selling in one lot or separately being Lot 17/123-125 Fern Street and Lot 18/123-125 Fern Street, Gerringong. Listed price is $650,000 for both properties.
Situated in the heart of Gerringong's commercial hub both properties face the central commercial car parking station. Currently fully tenanted with leases in place and showing good returns.
This is a wonderful opportunity to secure one or both tightly held retail premises located in a vibrant and very popular Gerringong township.
- Retail investment opportunity
- Lot 17 Commercial bakery processing 179m2 (approx.)
- Net rental income $11,308pa incl GST after outgoings (approx.)
- Lease expiry Nov 2023 with 3 year option
- Lot 18 Bead shop 119m2 (approx.)
- Net rental income $22,844pa excl GST after outgoings (approx.)
- Lease expiry Aug 2023 with 1 year option.
Property History for 18/123-125 Fern St, Gerringong, NSW 2534
- 25 Jul 2022Sold for $450,000
- 16 Apr 2021Listed for Sale $650,000 // Terry Digger
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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 2,497 properties. Over the last 5 years, Houses in Gerringong have seen a 72.08% increase in median value, while Units have seen a 55.01% increase. As at 31 August 2024:
- The median value for Houses in Gerringong is $1,562,852 while the median value for Units is $998,963.
- Houses have a median rent of $700 while Units have a median rent of $620.
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