SOLD
Sold on 24 Jul 2024 for $390,000

3/70 Wallarah Road
Gorokan NSW 2263

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 71m2
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Property Details for 3/70 Wallarah Rd, Gorokan

Building Type
Commercial
Land Size
71m2
Local Government
Central Coast
Lot/Plan
3/SP104139

Last Listing description (January 2024)

TO BE SOLD IN LINE - $3,100,000
OR SEPARATELY
Shop 1 - $2,100,000

Shop 2 - $550,000
Shop 3 - $450,000

Move now to secure this rare, high profile investment offering a strong return and sound tenancy. Three strata title units to be sold in-line or separately, comprising of pharmacy (approx 204sqm), optometrist (approx. 72sqm) and post office (approx 71sqm). Premium main road frontage, rear lane access and well established tenants.

Zoning- B1 Neighbourhood Centre
Combined gross income $232,821pa (approx.)
Move now- this is the sound investment opportunity you have been searching for!

Property History for 3/70 Wallarah Rd, Gorokan, NSW 2263

A timeline of how this property has performed in the market
Last Sold
$390,000
24 Jul 2024
  • 24 Jul 2024
    Sold for $390,000
  • 20 Sep 2023
    Listed for Sale $3,100,000

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About Gorokan 2263

The size of Gorokan is approximately 3 square kilometres. It has 19 parks covering nearly 6.5% of total area. The population of Gorokan in 2011 was 7,681 people. By 2016 the population was 8,380 showing a population growth of 9.1% in the area during that time. The predominant age group in Gorokan is 60-69 years. Households in Gorokan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gorokan work in a trades occupation. In 2011, 64.7% of the homes in Gorokan were owner-occupied compared with 62.8% in 2016.

Gorokan has 3,992 properties. Over the last 5 years, Houses in Gorokan have seen a 56.70% increase in median value, while Units have seen a 53.24% increase. As at 30 September 2024:

  • The median value for Houses in Gorokan is $689,494 while the median value for Units is $516,033.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 27 properties listed for sale, and 5 properties listed for rent in Gorokan on OnTheHouse. According to CoreLogic's data, 168 properties were sold in the past 12 months in Gorokan.

Suburb Insights for Gorokan 2263

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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.