1613 Ocean DriveLake Cathie NSW 2445
Property Details for 1613 Ocean Dr, Lake Cathie
Last Listing description (December 2023)
* Nine (9) Tenant Commercial Investment property
* Land Area of 3,690 sqm approx
* Total Lettable Area 727 sqm approx
* 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
- 12 Dec 2023Sold for $3,600,000
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0About 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 2,587 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.
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