64 Church StreetGlen Innes NSW 2370
Property Details for 64 Church St, Glen Innes
64 Church St, Glen Innes is a 0 bedroom, 0 bathroom House. The property has a land size of 1761m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (October 2023)
High Yield Refurbished Service Station 8% Return
Burgess Rawson is excited to present an exceptional investment opportunity, exclusively available in the market. This property offers a secure and profitable lease agreement, licenced Wave Petroleum to Caltex. Discerning investors can expect substantial returns and long-term stability from this outstanding opportunity.
Wave Petroleum bring with them a commendable five years of valuable operator experience within the industry. Currently, they efficiently oversee the operations of three distinct sites, showcasing their adept management skills and dedication to providing exceptional service.
The Service Centre has undergone a complete rebuild in 2022 which now showcases a modern centre. Located on a corner highway site gives high profile visibility and traffic to ensure continuing excellent trade. Great Value regional asset with long term growth and sustainability.
Highlights:
- Land Size: 1754sqm
- Building Size: 187sqm
- R1 - General Residential Zoning
- Net Rent $168,000 per annum
- 4% or CPI whichever is the greater Annual Increases
- 10 year lease with further options
- 100% outgoings paid by Lessee
Glen Innes is a picturesque town celebrated for its rich Celtic heritage and captivating landscapes. As the administrative centre of the Glen Innes Severn Shire, it exudes a unique charm with its historic buildings and warm community atmosphere.
Lessee: Wave Petroleum - Licenced to Caltex
Lease Term: 10 years
Lease Commencement: 27 February 2023
Lease Expiry: 26 February 2033
Further Options: 5 years plus 2 x 5 years
Increases: 4% or CPI whichever is the higher per annum
Net Income: $168,000 per annum
For more information, please reach out to Guy Randell on 0430 272 999 or Kieran Bourke on 0417 418 007.
Property History for 64 Church St, Glen Innes, NSW 2370
- 05 Oct 2023Sold for $2,150,000
- 03 Nov 2019Listed for Sale $350,000
- 07 Jun 2019Listed for Sale $350,000
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0About Glen Innes 2370
The size of Glen Innes is approximately 198.3 square kilometres. It has 20 parks covering nearly 3.2% of total area. The population of Glen Innes in 2011 was 6,135 people. By 2016 the population was 6,146 showing a population growth of 0.2% in the area during that time. The predominant age group in Glen Innes is 60-69 years. Households in Glen Innes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glen Innes work in a professional occupation. In 2011, 67.6% of the homes in Glen Innes were owner-occupied compared with 65.3% in 2016.
Glen Innes has 3,830 properties. Over the last 5 years, Houses in Glen Innes have seen a 86.80% increase in median value, while Units have seen a 43.00% increase. As at 31 October 2024:
- The median value for Houses in Glen Innes is $349,454 while the median value for Units is $274,211.
- Houses have a median rent of $360 while Units have a median rent of $263.
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