7 Market StreetGloucester NSW 2422
Property Details for 7 Market St, Gloucester
7 Market St, Gloucester is a 1 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 1059m2. While the property is not currently for sale or for rent, it was last sold in December 1996.
Last Listing description (November 2024)
Great investment opportunity located in the beautiful town of Gloucester.
Set on a level 1074 m2 corner lot the property provides prominent street frontage with both Queen and Market Street frontage.
The property would appeal to an investor, business owner or a developer looking to acquire a property with a secure income and future development opportunity. STCA.
This long established Commercial site has been renowned for its strong rental occupancy over many years.
Offering a strong rental return of approx. 6% based on the asking price. The commercial shop and shed is currently rented to a long term tenant on a 5 x 5 year lease. (Gloucester outdoor solutions - Business not for sale)
The second section of the property is the office and secure car yard. The vendor is happy to sell with a new lease or if a prospective purchaser wants to establish a business for this section or have personal use vacant possession of the car yard an option.
The property is low maintenance and in good conditioning. With low overheads this is a perfect set and forget investment opportunity for an investor.
Land size 1074 m2
Zoned R3 Medium Density residential with existing commercial use.
For more information contact Kristy Markham on 0408643328
Disclaimer: We have in preparing this document used our best endeavors to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this document.
Property History for 7 Market St, Gloucester, NSW 2422
- 20 Feb 2023Listed for Sale PRICE ADJUSTMENT - $649,000
- 14 Apr 2022Sold
- 30 Jul 2019Listed for Rent $400 / week
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0About Gloucester 2422
The size of Gloucester is approximately 58.3 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Gloucester in 2011 was 2,877 people. By 2016 the population was 2,955 showing a population growth of 2.7% in the area during that time. The predominant age group in Gloucester is 60-69 years. Households in Gloucester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gloucester work in a trades occupation. In 2011, 68.1% of the homes in Gloucester were owner-occupied compared with 66.9% in 2016.
Gloucester has 2,066 properties. Over the last 5 years, Houses in Gloucester have seen a 75.27% increase in median value, while Units have seen a 43.04% increase. As at 31 October 2024:
- The median value for Houses in Gloucester is $500,493 while the median value for Units is $361,033.
- Houses have a median rent of $470 while Units have a median rent of $290.
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