SOLD
Sold on 21 Dec 2023 for $1,235,000

135-141 Summerland Way
Kyogle NSW 2474

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1503m2
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Property Details for 135-141 Summerland Way, Kyogle

Building Type
Commercial
Land Size
1503m2
Local Government
Kyogle
Lot/Plan
1/DP748511

Last Listing description (October 2023)

North Coast Commercial Real Estate is pleased to present to market 135-141 Summerland Way, Kyogle.

Property Features:

Diverse Tenancy Mix: This property boasts multiple tenants, ensuring a steady stream of rental income from various sources.
Generous Building Area: With a spacious 966*sqm of building area, there's ample room for current and future tenants to thrive.
Expansive Land Area: Sitting on a substantial 1,503* sqm land plot, this property offers potential for further development or expansion.
Strong Net Income: The property generates a healthy net income of $94,485* adding to its appeal as a lucrative investment.

Kyogle is a vibrant regional town with a growing economy and a supportive community. Enjoy the benefits of investing in a location that offers:
Local Businesses: A variety of local businesses, shops, and services contribute to the town's economic vitality.
Natural Beauty: Surrounded by picturesque landscapes and natural attractions, Kyogle is a haven for outdoor enthusiasts.
Community Facilities: Access to schools, healthcare facilities, and recreational amenities enhance the quality of life for residents and tenants alike.
Investment Potential: This property's multi-tenanted setup, substantial building area, and favourable location make it a promising investment with potential for future growth.

Property Details:
Land Area: 1,503*sqm
Building Area: 966*sqm
Tenancies: 4 x commercial, 1 x residential.
Net Rent: $94,485* excl. GST per Annum
Zoned: E1 - Local Centre

Contact Chris Harley on 0412 758 830 for further information or to arrange an inspection.

Property History for 135-141 Summerland Way, Kyogle, NSW 2474

A timeline of how this property has performed in the market
Last Sold
$1,235,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $1,235,000
  • 14 Sep 2023
    Listed for Sale $1,300,000
  • 01 Feb 2008
    Sold for $211,800
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About Kyogle 2474

The size of Kyogle is approximately 30.1 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Kyogle in 2011 was 2,553 people. By 2016 the population was 2,204 showing a population decline of 13.7% in the area during that time. The predominant age group in Kyogle is 60-69 years. Households in Kyogle are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kyogle work in a labourer occupation. In 2011, 69.1% of the homes in Kyogle were owner-occupied compared with 64.8% in 2016.

Kyogle has 1,430 properties. Over the last 5 years, Houses in Kyogle have seen a 81.30% increase in median value, while Units have seen a 131.85% increase. As at 31 October 2024:

  • The median value for Houses in Kyogle is $530,284 while the median value for Units is $406,481.
  • Houses have a median rent of $440 while Units have a median rent of $360.
There are currently 42 properties listed for sale, and 10 properties listed for rent in Kyogle on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Kyogle.

Suburb Insights for Kyogle 2474

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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.