86 Herbert StreetGulgong NSW 2852
Property Details for 86 Herbert St, Gulgong
Last Listing description (May 2024)
86 - 88 Herbert Street, Gulgong represents a scarce opportunity to acquire approx. 199m2 of prime retail space. The adaptable building is currently converted into an antique shop but has been a butcher shop and a restaurant in the past and could easily be converted back into two separate shops for dual income potential. The building still has some of its original features like pressed metal ceilings and ornate cornices.
Key highlights include,
- Rare down town commercial investment
- Building area 199m2 approx.
- Site Area 408m2 approx.
- Exceptional frontage to Herbert Street
- Valuable rear vehicle access and parking
- Two Toilets
- Zoned Local Centre
For any further information regarding this property please contact the team at Troy McKellar Real Estate 6374 2323.
Property History for 86 Herbert St, Gulgong, NSW 2852
- 14 May 2024Sold for $460,000
- 04 Mar 2024Listed for Sale $519,000
- 15 Dec 2003Sold for $280,000
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0About Gulgong 2852
The size of Gulgong is approximately 101 square kilometres. It has 2 parks covering nearly 0.5% of total area. The population of Gulgong in 2011 was 2,382 people. By 2016 the population was 2,491 showing a population growth of 4.6% in the area during that time. The predominant age group in Gulgong is 0-9 years. Households in Gulgong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gulgong work in a trades occupation. In 2011, 68.4% of the homes in Gulgong were owner-occupied compared with 67.8% in 2016.
Gulgong has 1,630 properties. Over the last 5 years, Houses in Gulgong have seen a 88.53% increase in median value, while Units have seen a 91.46% increase. As at 31 October 2024:
- The median value for Houses in Gulgong is $530,658 while the median value for Units is $444,297.
- Houses have a median rent of $550 while Units have a median rent of $380.
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