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Sold on 05 Dec 2023 - Price Unavailable

1613 Ocean Drive
Lake Cathie NSW 2445

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3690m2
Land area: 3690m2
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Property Details for 1613 Ocean Dr, Lake Cathie

Building Type
Commercial
Floor Size
3690m2
Land Size
3690m2
Local Government
Port Macquarie-Hastings
Lot/Plan
4/DP1304796

Last Listing description (December 2023)

* Nine (9) Tenant Commercial Investment property
* Land Area of 3,690 sqm approx
* Total Lettable Area 727 sqm approx

* Zoning - E1 Local Centre
* Gross Income $264,708 PA GST Exc
* Outgoings $17,452 PA approx (After Recoverable Outgoings)
* Nett Income $247,256 PA GST Exc # figures provided by vendor
* Several long term tenants with reliable rental history
* Property adjoins Lake Cathie Tavern which adjoins Service station and Woolworths Supermarket centre with Specialty Shops
* Located approximately twelve (12) kilometres south of Port Macquarie in emerging beachside residential growth precinct
* Port Macquarie Hastings has a strong residential population of 80,261 approx and is forecast to grow by over 28% to 102,926 approx by 2036
* May suit investors or land bankers for future redeveloped, will good passing income
* We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
* Contact Graeme Garrett
Shop 3, 136 William Street, Port Macquarie

Property History for 1613 Ocean Dr, Lake Cathie, NSW 2445

A timeline of how this property has performed in the market
Last Sold
05 Dec 2023
  • 12 Dec 2023
    Sold for $3,600,000

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About Lake Cathie 2445

The size of Lake Cathie is approximately 18.4 square kilometres. It has 6 parks covering nearly 50.6% of total area. The population of Lake Cathie in 2011 was 2,997 people. By 2016 the population was 3,506 showing a population growth of 17.0% in the area during that time. The predominant age group in Lake Cathie is 60-69 years. Households in Lake Cathie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Cathie work in a professional occupation. In 2011, 73.7% of the homes in Lake Cathie were owner-occupied compared with 78.2% in 2016.

Lake Cathie has 2,590 properties. Over the last 5 years, Houses in Lake Cathie have seen a 58.24% increase in median value, while Units have seen a 51.77% increase. As at 31 October 2024:

  • The median value for Houses in Lake Cathie is $949,088 while the median value for Units is $576,078.
  • Houses have a median rent of $690 while Units have a median rent of $495.
There are currently 38 properties listed for sale, and 3 properties listed for rent in Lake cathie on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Lake cathie.

Suburb Insights for Lake Cathie 2445

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Contact agent
Graeme Garrett
Show contact details
Raine & Horne Commercial Port Macquarie
Preferred contact:
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.