OFF MARKET

32-34 Gum Tree Drive
Goonellabah NSW 2480

Bedrooms: 6
Bathrooms: 2
Car spaces: 10
Land area: 766m2
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Property Details for 32-34 Gum Tree Dr, Goonellabah

32-34 Gum Tree Dr, Goonellabah is a 6 bedroom, 2 bathroom Unit with 10 parking spaces. The property has a land size of 766m2.

Building Type
Unit
Land Size
766m2
Local Government
Lismore
Lot/Plan
6/DP243867

Last Listing description (August 2024)

Phone enquiries - please quote property ID 34452.

Solid Investment Opportunity: 6 Commercial Units + 2 Residential Units

Discover an excellent investment opportunity in the beautiful NSW Northern Rivers region. This architect-designed complex, known as the "Goonellabah Business Centre," offers a mix of commercial and residential units with strong income potential and long-term tenants. Located in flood-free Goonellabah, adjacent to the Bruxner Highway, this property provides easy access to Ballina, Byron Bay, Lismore, and Casino.

Property Highlights:
* Excellent ROI: Attractive return on investment with a combined income of $164,616.89 plus GST.
* Commercial Units: 6 commercial units with long-term tenants including a sporting association, chiropractor, clinical psychologist, paediatrician, & personal fitness.

Residential Units:
* A spacious 4/5 bedroom residence with the option to live in or rent out.
* A currently tenanted 1-bedroom residential unit on the ground floor, which STCA could potentially be converted to a commercial unit.
Features:
* Solid Construction: Cavity brick with zinc alum insulated roof and stainless-steel box gutters.
* Modern Amenities: All units are air-conditioned with carpeted floors.
* Parking: Ample off-street parking for tenants and street parking for visitors.
* Potential for Growth: Opportunities for further refurbishment to create additional commercial suites.

Residential Details: - Main Residence (Suite 8):

* Four bedrooms (all with built-in robes) plus a study or fifth bedroom.
* Master bedroom with ensuite, walk-in robes, and a separate study/sewing annex.
* Modern kitchen with Tasmanian Oak cupboards, pantry, and dishwasher.
* Spacious lounge/living area opening to an enclosed veranda/sunroom.
* Outdoor deck and enclosed games room (previously a swimming pool, now covered).
* Lock-up garage, carport, tool room, wash tub, and toilet at ground level.
* Easily convertible to professional consulting rooms or serviced offices.
* One-Bedroom Unit (Suite 7):
* Large lounge and separate kitchen dining area.

Location:
* Situated in a growing residential and satellite commercial area on the Alstonville Plateau.
* Enjoy views to the border ranges and cooling afternoon sea breezes.
* Just 2.5 hours drive to Brisbane CBD or International Airport, 30 minutes to Ballina surf, and 45 minutes to Byron Bay.
* Rich volcanic soils support productive macadamia, avocado, banana farms, and emerging fruit orchards and coffee plantations.
* Nearby Lismore offers excellent education, health facilities, and vibrant sporting and cultural activities.

Sale Details:
* The complex is being sold as a FREEHOLD going concern and is GST free.
* Enquiries are invited for this unique investment opportunity.
* Secure a solid investment with diverse income streams and significant growth potential in the thriving Northern Rivers region.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property History for 32-34 Gum Tree Dr, Goonellabah, NSW 2480

A timeline of how this property has performed in the market
Listed for Rent
$620/w
18 May 2024
  • 30 Jul 2024
    Listed for Sale Not Disclosed
  • 11 Aug 2021
    Listed for Rent $25,800 / week
  • 24 Sep 2018
    Listed for Rent - Price not available
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About Goonellabah 2480

The size of Goonellabah is approximately 23.5 square kilometres. It has 13 parks covering nearly 2.2% of total area. The population of Goonellabah in 2011 was 12,537 people. By 2016 the population was 12,881 showing a population growth of 2.7% in the area during that time. The predominant age group in Goonellabah is 50-59 years. Households in Goonellabah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Goonellabah work in a professional occupation. In 2011, 67.6% of the homes in Goonellabah were owner-occupied compared with 66.3% in 2016.

Goonellabah has 6,991 properties. Over the last 5 years, Houses in Goonellabah have seen a 77.31% increase in median value, while Units have seen a 52.40% increase. As at 31 August 2024:

  • The median value for Houses in Goonellabah is $668,385 while the median value for Units is $470,011.
  • Houses have a median rent of $593 while Units have a median rent of $435.
There are currently 95 properties listed for sale, and 11 properties listed for rent in Goonellabah on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Goonellabah.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.