109 Great Western HighwayMount Victoria NSW 2786
Property Details for 109 Great Western Hwy, Mount Victoria
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
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
Property History for 109 Great Western Hwy, Mount Victoria, NSW 2786
- 15 Dec 2023Sold for $880,000
- 21 Jun 2023Listed for Sale $1,000,000 - $1,100,000
- 19 Mar 1998Sold for $235,000
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0About 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 47.57% increase in median value, while Units have seen a 12.03% increase. As at 30 September 2024:
- The median value for Houses in Mount Victoria is $733,133 while the median value for Units is $582,911.
- Houses have a median rent of $530.
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