SOLD
Sold on 15 Dec 2023 for $880,000

109 Great Western Highway
Mount Victoria NSW 2786

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 1770m2
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Sold By
Ray White Blackheath
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Property Details for 109 Great Western Hwy, Mount Victoria

Building Type
Commercial
Land Size
1770m2
Local Government
Blue Mountains
Lot/Plan
8/DP2625

Last Listing description (February 2024)

Rare offering to purchase this prominent commercial development site, located in a prime position on the Great Western Highway in Mount Victoria with 4 titles and offering a fantastic opportunity to investors.

The X factors of Mount Victoria General Store include;
Freehold commercial development site with 4 titles

Prime location with fantastic street exposure
Single brick building with abundant parking (currently leased)
Would suit an investor / developer
Current lease in place - Mount Victoria General Store & Newsagency/Post Office
Current rental income - $3296.20/month inc of GST ($35,956.32/annum inc of GST)
Outgoings include - Insurance $3000/annum
Excellent investment, same owners for 25 years, high occupancy rates
Situated opposite the park and only 400m from Mount Victoria station, this property is highly visible.

This versatile space would suit a variety of buyers with its great street exposure, excellent rental history and off-street parking, you will not want to miss this opportunity with the potential to add value with future development.

Inspection by appointment

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Property History for 109 Great Western Hwy, Mount Victoria, NSW 2786

A timeline of how this property has performed in the market
Last Sold
$880,000
15 Dec 2023
  • 15 Dec 2023
    Sold for $880,000
  • 21 Jun 2023
    Listed for Sale $1,000,000 - $1,100,000
  • 19 Mar 1998
    Sold for $235,000

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About Mount Victoria 2786

The size of Mount Victoria is approximately 16.5 square kilometres. It has 14 parks covering nearly 22.5% of total area. The population of Mount Victoria in 2011 was 894 people. By 2016 the population was 1,005 showing a population growth of 12.4% in the area during that time. The predominant age group in Mount Victoria is 50-59 years. Households in Mount Victoria are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Victoria work in a professional occupation. In 2011, 77.5% of the homes in Mount Victoria were owner-occupied compared with 76.2% in 2016.

Mount Victoria has 924 properties. Over the last 5 years, Houses in Mount Victoria have seen a 41.19% increase in median value, while Units have seen a 12.03% increase. As at 31 October 2024:

  • The median value for Houses in Mount Victoria is $710,274 while the median value for Units is $582,911.
  • Houses have a median rent of $530.
There are currently 12 properties listed for sale, and 1 property listed for rent in Mount victoria on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Mount victoria.

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Suburb Insights for Mount Victoria 2786

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