SOLD
Sold on 27 Nov 2023 for $1,725,000

11 Yambo Street
Morisset NSW 2264

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 92m2
Land area: 1012m2
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Property Details for 11 Yambo St, Morisset

Building Type
Land
Floor Size
92m2
Land Size
1012m2
Local Government
Lake Macquarie
Lot/Plan
16/8/DP758707

Last Listing description (December 2023)

RWC Western Sydney is pleased to present 11 Yambo Street, Morisset for sale via Expressions of Interest.

An exceptional opportunity to acquire a DA approved 75-place childcare development with an adjoining cafe within the growing Lake Macquarie LGA.

Located only 200m* to Morisset Square and 450m* to Morisset Railway Station, this efficiently designed childcare development is ideal for operators, developers, and investors alike.

Additional highlights of the property are outlined below:

DA approved for 75-places & Caf
Site area 1,011m2* with rear lane access via Lindon Lane
Potential rental of $337,500* per annum upon completion ($4,500 per place) with versatile additional income from the adjoining caf
Child ratio 13 x 0-2 years, 21 x 2-3 years & 41 x 3-5 years
200m* to Morisset Square (Shopping centre)
400m* Morisset Public School
450m* to Morisset Railway Station
Ideal for childcare operators, developers, and investors
Under instructions to sell

The property will be offered for sale via Expressions of Interest, closing Tuesday 5 December 2023 at 3pm.

For more information, please contact the below exclusive selling agents.

*Approximately

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Property History for 11 Yambo St, Morisset, NSW 2264

A timeline of how this property has performed in the market
Last Sold
$1,725,000
27 Nov 2023
Listed for Rent
$565/w
12 Aug 2022
  • 27 Nov 2023
    Sold for $1,725,000
  • 03 Nov 2023
    Listed for Sale EXPRESSIONS OF INTEREST
  • 22 Jul 2022
    Listed for Rent $565 / week
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About Morisset 2264

The size of Morisset is approximately 26.9 square kilometres. It has 25 parks covering nearly 50.9% of total area. The population of Morisset in 2011 was 2,856 people. By 2016 the population was 3,237 showing a population growth of 13.3% in the area during that time. The predominant age group in Morisset is 70-79 years. Households in Morisset are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Morisset work in a professional occupation. In 2011, 69.5% of the homes in Morisset were owner-occupied compared with 63.2% in 2016.

Morisset has 2,935 properties. Over the last 5 years, Houses in Morisset have seen a 81.65% increase in median value, while Units have seen a 33.10% increase. As at 30 September 2024:

  • The median value for Houses in Morisset is $844,845 while the median value for Units is $595,074.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 19 properties listed for sale, and 13 properties listed for rent in Morisset on OnTheHouse. According to CoreLogic's data, 124 properties were sold in the past 12 months in Morisset.

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