19 Gaggin LaneLismore NSW 2480
Property Details for 19 Gaggin Lane, Lismore
Last Listing description (September 2023)
North Coast Commercial Real Estate is pleased to present to market 19-23 Gaggin Lane, Lismore.
Property Highlights:
Secure Government Tenant: The property boasts a 5 year lease commencing 01/01/2023 to 31/12/2027 with a reliable government tenant, ensuring a steady and consistent rental income. Rest easy knowing your investment is backed by a strong lease agreement with a Net Rent of $141,153* + GST per Annum.
Strategic Location: Situated just 100* meters from the major hospital precinct, this property is in a prime location for healthcare-related businesses or organizations. It offers convenient access to healthcare services, which is always in demand.
Future Development Upside: With a 3,626* sqm land parcel, this property offers excellent future development potential. You have the opportunity to explore various expansion possibilities and maximize your investment's value over time.
Investment Opportunity: This is your chance to acquire a property with an attractive combination of a government lease, strategic location, and development potential. The Lismore Health Precinct continues to grow, and this property is poised to benefit from future developments. Whether you're an experienced investor looking to diversify your portfolio or someone new to commercial real estate, this property is a compelling opportunity.
Total Building Size: 842 sqm*
Land Size: 3,626sqm
Zoned: R3 Medium Density Residential
Net Rent: $141,153* + GST per Annum
Proximity: Only 100* meters to Lismore Base Hospital precinct
Contact Chris Harley on 0412 758 830 today to schedule a viewing or for further information.
*Approximate
Property History for 19 Gaggin Lane, Lismore, NSW 2480
- 09 Feb 2024Sold for $2,900,000
- 13 Sep 2023Listed for Sale Offers to Purchase
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0About Lismore 2480
The size of Lismore is approximately 3.9 square kilometres. It has 17 parks covering nearly 17.1% of total area. The population of Lismore in 2011 was 3,799 people. By 2016 the population was 3,576 showing a population decline of 5.9% in the area during that time. The predominant age group in Lismore is 50-59 years. Households in Lismore are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lismore work in a professional occupation. In 2011, 48.9% of the homes in Lismore were owner-occupied compared with 49.2% in 2016.
Lismore has 2,759 properties. Over the last 5 years, Houses in Lismore have seen a 23.94% increase in median value, while Units have seen a 47.29% increase. As at 31 July 2024:
- The median value for Houses in Lismore is $406,737 while the median value for Units is $421,708.
- Houses have a median rent of $520 while Units have a median rent of $370.
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