SOLD
Sold on 19 Feb 2024 for $1,200,000

42-44 Oxley Highway
Gunnedah NSW 2380

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11590m2
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Property Details for 42-44 Oxley Hwy, Gunnedah

Building Type
Commercial
Land Size
11590m2
Local Government
Gunnedah
Lot/Plan
4/DP246435

Last Listing description (October 2023)

Rarely offered to market, this industrial site is situated in the heart of Gunnedah's industrial precinct. It offers dual road frontage to the bustling Oxley Highway (68m) and Borthistle Road (67m) and comprises two allotments (Lot 4 -5874m2 and Lot 6 5720m2) totalling 1.159hectares.
This site is only 79kms to Tamworth, 97kms to Narrabri and 104kms to Coonabarabran.
The property is currently occupied by Double R Gunnedah Branch, a trusted authorized dealer of New Holland equipment with deep community roots.

The existing lease includes options to 2050, making this the ideal long-term investment to add to your portfolio. At the take up of each option period there is an opportunity for a market rent review, with strong 3.5% annual increases.
The properties improvements comprise a front office block (240m2) with air conditioning and male/female amenities, a large industrial shed (workshop 492m2) being steal framed with galvanised iron cladding, concrete flooring and a washdown bay. At the front of the site there is a customer car park, with the remainder of the site, comprising a hard stand area for storage of machinery or future development.

Seize this exceptional investment opportunity to secure your financial future. Contact us today to explore the potential benefits of owning this prime commercial property with Double R as your tenant. For inquiries, please contact Ewing Real Estate.

*Please note that all information provided is based on data available up to September 2023, and current details should be verified with the property owner or real estate agent.

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Property History for 42-44 Oxley Hwy, Gunnedah, NSW 2380

A timeline of how this property has performed in the market
Last Sold
$1,200,000
19 Feb 2024
  • 06 Jun 2024
    Sold
  • 19 Feb 2024
    Sold for $1,200,000
  • 10 Oct 2023
    Listed for Sale Contact Agent

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About Gunnedah 2380

The size of Gunnedah is approximately 519 square kilometres. It has 36 parks covering nearly 7.1% of total area. The population of Gunnedah in 2011 was 9,341 people. By 2016 the population was 9,727 showing a population growth of 4.1% in the area during that time. The predominant age group in Gunnedah is 0-9 years. Households in Gunnedah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gunnedah work in a machinery operators and drivers occupation. In 2011, 65.6% of the homes in Gunnedah were owner-occupied compared with 63% in 2016.

Gunnedah has 5,758 properties. Over the last 5 years, Houses in Gunnedah have seen a 55.65% increase in median value, while Units have seen a 67.48% increase. As at 31 October 2024:

  • The median value for Houses in Gunnedah is $415,462 while the median value for Units is $364,180.
  • Houses have a median rent of $485 while Units have a median rent of $360.
There are currently 31 properties listed for sale, and 16 properties listed for rent in Gunnedah on OnTheHouse. According to CoreLogic's data, 272 properties were sold in the past 12 months in Gunnedah.

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