SOLD
Sold on 19 Nov 2023 for $1,600,000

48 Terralong Street
Kiama NSW 2533

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 259m2
Land area: 259m2
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Property Details for 48 Terralong St, Kiama

Building Type
Commercial
Floor Size
259m2
Land Size
259m2
Local Government
Kiama
Lot/Plan
1/DP524563

Last Listing description (January 2024)

Diverse Freehold Retail and Residential Investment Property.
Option for a new 5+5 year Lease Term to current long-term tenancy or buy with vacant possession.
Estimated fully leased annual income $67,000 approx. (plus GST).

The buildings includes Ground Floor commercial space currently occupied by a long-term tenant.
Upstairs includes a 2-3 bedroom residential apartment with north facing balcony overlooking Kiama's parkland reserve.
Rear Yard with 'out buildings'.
Extremely rare opportunity to purchase in this tightly held location!
Perfect for Investors, Owner Occupied, Lifestyle and Investment.

This property is scheduled for AUCTION, Saturday, 28th October @ 3pm, On-Site (TBC).

Offers in writing to the Listing Agents
Inspections strictly by Appointment Only

For further information call Steve Pryor on 0408 423 328 or Jenny Machell on 0408 767 514.


Disclaimer:
Raine & Horne Kiama makes no statement, representation or warranty and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only for marketing purposes.

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Property History for 48 Terralong St, Kiama, NSW 2533

A timeline of how this property has performed in the market
Last Sold
$1,600,000
19 Nov 2023
  • 19 Nov 2023
    Sold for $1,600,000
  • 07 Sep 2023
    Listed for Sale New Listing
  • 05 Jun 2003
    Sold for $880,000
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About Kiama 2533

The size of Kiama is approximately 10 square kilometres. It has 27 parks covering nearly 7.6% of total area. The population of Kiama in 2011 was 6,272 people. By 2016 the population was 6,900 showing a population growth of 10.0% in the area during that time. The predominant age group in Kiama is 60-69 years. Households in Kiama are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kiama work in a professional occupation. In 2011, 68.5% of the homes in Kiama were owner-occupied compared with 71.2% in 2016.

Kiama has 5,099 properties. Over the last 5 years, Houses in Kiama have seen a 92.20% increase in median value, while Units have seen a 39.70% increase. As at 31 August 2024:

  • The median value for Houses in Kiama is $1,575,205 while the median value for Units is $836,403.
  • Houses have a median rent of $685 while Units have a median rent of $600.
There are currently 63 properties listed for sale, and 28 properties listed for rent in Kiama on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Kiama.

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