SOLD
Sold on 26 Jun 2024 for $245,000

72 Magellan Street
Lismore NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 122m2
Land area: 139m2
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Property Details for 72 Magellan St, Lismore

Building Type
Commercial
Floor Size
122m2
Land Size
139m2
Local Government
Lismore
Lot/Plan
2/DP208847

Last Listing description (November 2023)

North Coast Commercial Real Estate are pleased to present to market 72 Magellan Street, Lismore.

This property is a great opportunity to invest in the commercial property market.

With a current new 3 year lease and showing a net income of $17,718 * with fixed annual rent increases, this property is an ideal investment.

Tenanted with a new 3 year lease (commenced 01/07/2022)
Fixed annual rent increases
Area: 139 sqm *
Rear lane access
Zoned: B3 - Commercial Core

For an Information Memorandum or inspection contact Chris Harley on 0412 758 830

* Approximate

Property History for 72 Magellan St, Lismore, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$245,000
26 Jun 2024
Listed for Rent
$23k/w
01 Aug 2023
  • 26 Jun 2024
    Sold for $245,000
  • 17 Aug 2023
    Listed for Sale Expressions Of Interest
  • 02 May 2023
    Listed for Rent - Price not available
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About 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 2,757 properties. Over the last 5 years, Houses in Lismore have seen a 24.19% increase in median value, while Units have seen a 51.49% increase. As at 30 September 2024:

  • The median value for Houses in Lismore is $431,032 while the median value for Units is $441,967.
  • Houses have a median rent of $520 while Units have a median rent of $380.
There are currently 29 properties listed for sale, and 6 properties listed for rent in Lismore on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Lismore.

Suburb Insights for Lismore 2480

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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.