SOLD
Sold on 02 Apr 2024 for $2,200,000

135 Tuggerah Parade
Long Jetty NSW 2261

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1480m2
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Sold By
Bruce Mclachlan
McLachlan Partners
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Property Details for 135 Tuggerah Pde, Long Jetty

135 Tuggerah Pde, Long Jetty is a 0 bedroom, 0 bathroom House. The property has a land size of 1480m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 0 bedroom House sold in Long Jetty in the last 12 months.

Building Type
House
Land Size
1480m2
Local Government
Central Coast
Lot/Plan
2/DP571978

Last Listing description (May 2024)

Waterfront Commercial / Residential Mix Use Site - 10% Return From Existing Caravan Park

Prime approx. 1474m mixed use site over 2 titles with 16m - four storey height limit.

Prime position - directly opposite scenic Long Jetty foreshore and bike track.

Zoned E1 local centre with 1.5 to 1 floorspace ratio, and allowing commercial/residential shop top housing.

Excellent potential for waterfront seafood market restaurant, functions centre, plus shop top residential apartment.
Currently operating as existing caravan park for 12 self-contained cabins, fully leased on a permanent leases basis.

Provides a strong holding income stream pending DA approval.

Current leases returning approximately $234,000 per annum with management in place.
Great opportunity to acquire a waterfront DA site with current holding income, offering excellent redevelopment upside for a quality mixed use waterfront reserve commercial / residential project with 16m height limit and 1:5 to 1 floorspace ratio.
Investor Clearance - syndicate ownership disbanding - price reduced to clear.

- For all financials, contract, concept plans and tenancy schedules, email agent Bruce McLachlan.

(E&OE) Please note that all information, herein is gathered from sources we, McLachlan Partners believe to be reliable. Computer images, photos, plans, drawings, maps etc are indicative only. McLachlan Partners cannot guarantee its accuracy and any interested person/s should rely on their own enquiries.

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Property History for 135 Tuggerah Pde, Long Jetty, NSW 2261

A timeline of how this property has performed in the market
Last Sold
$2,200,000
02 Apr 2024
  • 02 Apr 2024
    Sold for $2,200,000
  • 20 Oct 2023
    Listed for Sale Not Disclosed
  • 10 Mar 2023
    Listed for Sale Contact Agent
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About Long Jetty 2261

The size of Long Jetty is approximately 2.5 square kilometres. It has 9 parks covering nearly 9.8% of total area. The population of Long Jetty in 2011 was 5,796 people. By 2016 the population was 6,398 showing a population growth of 10.4% in the area during that time. The predominant age group in Long Jetty is 50-59 years. Households in Long Jetty are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Long Jetty work in a trades occupation. In 2011, 50.1% of the homes in Long Jetty were owner-occupied compared with 54% in 2016.

Long Jetty has 4,020 properties. Over the last 5 years, Houses in Long Jetty have seen a 79.81% increase in median value, while Units have seen a 48.17% increase. As at 31 October 2024:

  • The median value for Houses in Long Jetty is $1,203,813 while the median value for Units is $739,018.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 44 properties listed for sale, and 13 properties listed for rent in Long jetty on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Long jetty.

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