SOLD
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Sold on 26 Jun 2024 for $330,000

59 Kooyoo Street
Griffith NSW 2680

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 64m2
Land area: 94.9m2
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Property Details for 59 Kooyoo St, Griffith

Building Type
Commercial
Floor Size
64m2
Land Size
94.9m2

Last Listing description (June 2024)

Auction Location: Online Timed Auction

• Location, Location, Location: Situated in the heart of Griffith's bustling CBD, just off the main street, this commercial gem offers unparalleled convenience and exposure which neighbours the recently renovated Kooyoo Street open air Strada. Kooyoo Street also offers its business houses off street parking at the door step.

• Stable Tenant: Secure your investment with a long-established travel agency as the current tenant, providing consistent rental income.

• Solid Construction: Approx 64 sqm, constructed of brick, concrete slab floor and iron roofing, this sturdy building ensures longevity and durability, promising a reliable low maintenance asset for years to come.

• Modern Amenities: Equipped ducted reverse cycle air conditioning, staff kitchenette and essential staff amenities.

• Accessibility: Boasting level access both at the street front and rear of the property, accessibility is seamless for both customers and staff alike.

• Solid Lease Agreement: Currently secured with a new 2-year lease and an additional 2-year option, this property yields $18,200 per annum plus GST and outgoings, offering a solid return on investment.

• Versatile Usage Potential: With its simplistic yet functional design, this property presents endless possibilities for future tenants if required and accommodates a variety of business ventures.

Don't miss out on this exceptional entry-level commercial opportunity that is rarely available in the heart of Griffith's CBD!

Timed Auction ending Thursday, 20th of June at 4:00pm

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Property History for 59 Kooyoo St, Griffith, NSW 2680

A timeline of how this property has performed in the market
Last Sold
$330,000
26 Jun 2024
  • 26 Jun 2024
    Sold for $330,000
  • 15 May 2024
    Listed for Sale Contact Agent
  • 27 Sep 2006
    Sold for $225,000

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About Griffith 2680

The size of Griffith is approximately 52 square kilometres. It has 78 parks covering nearly 13.9% of total area. The population of Griffith in 2011 was 16,973 people. By 2016 the population was 18,198 showing a population growth of 7.2% in the area during that time. The predominant age group in Griffith is 0-9 years. Households in Griffith are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Griffith work in a labourer occupation. In 2011, 60.7% of the homes in Griffith were owner-occupied compared with 58.9% in 2016.

Griffith has 9,938 properties. Over the last 5 years, Houses in Griffith have seen a 71.50% increase in median value, while Units have seen a 75.52% increase. As at 30 November 2024:

  • The median value for Houses in Griffith is $541,587 while the median value for Units is $339,184.
  • Houses have a median rent of $490 while Units have a median rent of $405.
There are currently 50 properties listed for sale, and 53 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 390 properties were sold in the past 12 months in Griffith.

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