SOLD
Sold on 14 Mar 2024 for $480,000

2/19 Abundance Road
Medowie NSW 2318

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 552m2
Land area: 2307m2
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Property Details for 2/19 Abundance Rd, Medowie

Building Type
Commercial
Floor Size
552m2
Land Size
2307m2
Local Government
Port Stephens
Lot/Plan
2/SP53234

Last Listing description (March 2024)

This E4: General Industrial property, servicing a successfully run Automotive Garage, offers an investor the opportunity to secure rare and limited commercial property in one of the regions fastest growing areas. With the current tenant operating as a subcontractor for the neighbouring auto business and guaranteed work, the owner is searching for a buyer looking to keep the current arrangement in place.

With generous height clearance, this huge 253sqm property is suitable for a vast range of vehicles and machinery, along with the capacity to store large quantities. Upstairs there is a store room space suitable to be converted into a office space if required and to the front of the property is a bathroom. Outdoors, there is ample space for parking, loading, and unloading.

With it's central location and proximity to the Medowie CBD, Raymond Terrace and the internationally expanding William Town Airport, this offering is perfectly primed for an investor seeking quality income, stability and capital growth. This opportunity will not last. Contact our experienced Sales Team for more information or to book your inspection 02 4984 9273.

Property History for 2/19 Abundance Rd, Medowie, NSW 2318

A timeline of how this property has performed in the market
Last Sold
$480,000
14 Mar 2024
Listed for Rent
28 Feb 2013
  • 14 Mar 2024
    Sold for $480,000
  • 20 Dec 2023
    Listed for Sale $460,000 to $500,000
  • 21 Sep 2015
    Sold for $200,000
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About Medowie 2318

The size of Medowie is approximately 42.8 square kilometres. It has 22 parks covering nearly 15.9% of total area. The population of Medowie in 2011 was 8,843 people. By 2016 the population was 9,581 showing a population growth of 8.3% in the area during that time. The predominant age group in Medowie is 0-9 years. Households in Medowie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Medowie work in a trades occupation. In 2011, 75.8% of the homes in Medowie were owner-occupied compared with 74.3% in 2016.

Medowie has 5,213 properties. Over the last 5 years, Houses in Medowie have seen a 65.70% increase in median value, while Units have seen a 50.92% increase. As at 31 October 2024:

  • The median value for Houses in Medowie is $827,440 while the median value for Units is $490,403.
  • Houses have a median rent of $620 while Units have a median rent of $450.
There are currently 58 properties listed for sale, and 17 properties listed for rent in Medowie on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Medowie.

Suburb Insights for Medowie 2318

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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.