SOLD
Sold on 12 Dec 2023 for $345,000

5 King Street
Gooloogong NSW 2805

Bedrooms: 5
Bathrooms: 2
Car spaces: -
Land area: 605m2
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Property Details for 5 King St, Gooloogong

Building Type
Commercial
Land Size
605m2
Local Government
Cowra
Lot/Plan
1/DP516940

Last Listing description (January 2024)

A unique opportunity awaits either a savvy investor or a buyer chasing a lifestyle opportunity.

This property offers multiple options boasting two shop fronts & two lots flat style accommodation which are both currently rented.

You have the opportunity to lease the entire property in four separate lots or choose to take over & run the handy mart with the opportunity to occupy one of the two flats (subject to tenancy).

The current vendor is prepared to assist with the handover of the shop for a short period of time in order to get you underway.

The property is comprised of the following:

9 King Street, Gooloogong
Handy Mart Shop currently owned & operated by the property owner
Three bedroom flat currently rented at $125 per week

5 King Street, Gooloogong
Shop front currency leased to local hair salon at $75 per week
Two bedroom flat currently rented at $125 per week

The key features to this property include:
Split over three titles -Lots 1 & 2 in DP 516940 & Lot 1 in DP 385398
Two commercial shop fronts & two residential flats
Vast list of inclusions to operate the Handy Mart (WIWO)
Opportunity to expand & revamp the petrol supply
Only convenience, supermarket & petrol in the village
Close proximity to the Lachlan Valley Way
Off street car parking with the ability to expand
Diesel petrol tank & pump with past council approval reinstall ULP

Fixed term has expired on all leases allowing increases to market rent.

There are numerous ways in which a potential buyer can utilise this property.

Contact Adam Gambrill today for more information or to arrange your inspection.

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it.

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Property History for 5 King St, Gooloogong, NSW 2805

A timeline of how this property has performed in the market
Last Sold
$345,000
12 Dec 2023
  • 12 Dec 2023
    Sold for $345,000
  • 13 Jan 2023
    Listed for Sale $399,000
  • 19 Jul 2004
    Sold for $260,000
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About Gooloogong 2805

The size of Gooloogong is approximately 289.8 square kilometres. It has 4 parks covering nearly 9% of total area. The population of Gooloogong in 2011 was 297 people. By 2016 the population was 374 showing a population growth of 25.9% in the area during that time. The predominant age group in Gooloogong is 60-69 years. Households in Gooloogong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gooloogong work in a managers occupation. In 2011, 76.5% of the homes in Gooloogong were owner-occupied compared with 78.9% in 2016.

Gooloogong has 328 properties. Over the last 5 years, Houses in Gooloogong have seen a 207.59% increase in median value. As at 30 September 2024:

  • The median value for Houses in Gooloogong is $552,708 while the median value for Units is $323,869.
There are currently 2 properties listed for sale, and no properties listed for rent in Gooloogong on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Gooloogong.

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