SOLD
Sold on 14 May 2024 for $188,000

10/38-40 Kurrajong Avenue
Leeton NSW 2705

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 255m2
Sold By
Luke Santolin
Leeton Real Estate
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Property Details for 10/38-40 Kurrajong Ave, Leeton

Building Type
Commercial
Year Built
1980
Land Size
255m2
Local Government
Leeton
Lot/Plan
10/SP19282

Last Listing description (June 2024)

* BUILDING FOR SALE ONLY *
* AGENT INTEREST *

With a flourishing local business currently calling this property home, the future looks bright for this commercial premises on Kurrajong Ave.

A brand new 3 year lease term will be signed prior to settlement, with the existing tenant re-committing to a property which gives their business the best chance of success.

The new lease will see the rent increase to $1,750 per month and a gross annual income of $21,000 before outgoings.

Net return is approximately $14,000 after outgoings.

Recently painted inside and out, the property has an abundance of street appeal and is sure to be a brilliant addition to your investment portfolio. The property also features updated floor coverings.

If you're looking to purchase something unique, with strong growth potential, reach out to the team at LeetonRE today!

Outgoings:

Strata fees - $3,808 per annum
Council Rates - $1,298.90 per annum
Water Access & Consumption - Approx $1200 per annum (based on last 12 months)

Property History for 10/38-40 Kurrajong Ave, Leeton, NSW 2705

A timeline of how this property has performed in the market
Last Sold
$188,000
14 May 2024
  • 14 May 2024
    Sold for $188,000
  • 11 Oct 2023
    Listed for Sale $188,000
  • 16 Apr 2020
    Listed for Sale $150,000 + gst
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About Leeton 2705

The size of Leeton is approximately 230.6 square kilometres. It has 17 parks covering nearly 0.6% of total area. The population of Leeton in 2011 was 8,414 people. By 2016 the population was 8,626 showing a population growth of 2.5% in the area during that time. The predominant age group in Leeton is 10-19 years. Households in Leeton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Leeton work in a labourer occupation. In 2011, 68.3% of the homes in Leeton were owner-occupied compared with 64.9% in 2016.

Leeton has 4,843 properties. Over the last 5 years, Houses in Leeton have seen a 60.52% increase in median value, while Units have seen a 91.16% increase. As at 31 August 2024:

  • The median value for Houses in Leeton is $360,947 while the median value for Units is $360,554.
  • Houses have a median rent of $410 while Units have a median rent of $305.
There are currently 16 properties listed for sale, and 2 properties listed for rent in Leeton on OnTheHouse. According to CoreLogic's data, 210 properties were sold in the past 12 months in Leeton.

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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.