SOLD
RECENT ADVICE
Sold on 31 May 2024 for $420,000

7/125 Maitland Street
Narrabri NSW 2390

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 147m2
Land area: 147m2
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Property Details for 7/125 Maitland St, Narrabri

Building Type
Commercial
Floor Size
147m2
Land Size
147m2
Local Government
Narrabri
Lot/Plan
7/SP86009

Last Listing description (May 2024)

Situated in the centre of Narrabri's High Street, this commercial property offers a secure registered lease with a strong tenant offering high returns.

- Net Income $34,373 pa + GST
- Tenant pays all outgoings as per lease

- 3 x 3 year lease with annual rent adjustments

Internal Area: 147m2 approx

Office features a high-end commercial fitout of 3 enclosed offices, one open work space, reception area, kitchenette/break room and amenities.

Property Highlights:

- Tenant Hennessy Real Estate (est. 2013) in place since Feb 2021
- Annual CPI/Fixed Percentage Rent Increase
- Tenant pays outgoings (council rates, strata contributions)
- Council Rates $957 qtr, Strata Contributions $780.65 qtr
- Wheelchair accessible
- Reverse cycle air conditioning - very comfortable and energy efficient workspace
- Dedicated car space plus visitor parking with rear access to Tibbereena St
- Situated in the heart of Narrabri CBD in a high visibility location near Post Office, Major Banks, Boutiques, Cafes and Professional Services.

Building Details: Redeveloped in 2011 the building features 4 apartments (upper floor) and 4 ground level commercial premises.
Neighbouring tenants include Santos (ASX:STO).

Contact the agent for further information.

Agent Interest.

Property History for 7/125 Maitland St, Narrabri, NSW 2390

A timeline of how this property has performed in the market
Last Sold
$420,000
31 May 2024
  • 31 May 2024
    Sold for $420,000
  • 08 May 2024
    Listed for Sale $425,000
  • 01 Mar 2019
    Sold for $335,500
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About Narrabri 2390

The size of Narrabri is approximately 1,294.2 square kilometres. It has 22 parks covering nearly 10.7% of total area. The population of Narrabri in 2011 was 7,391 people. By 2016 the population was 7,614 showing a population growth of 3.0% in the area during that time. The predominant age group in Narrabri is 0-9 years. Households in Narrabri are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Narrabri work in a trades occupation. In 2011, 64.1% of the homes in Narrabri were owner-occupied compared with 63.5% in 2016.

Narrabri has 4,467 properties. Over the last 5 years, Houses in Narrabri have seen a 75.10% increase in median value, while Units have seen a 103.83% increase. As at 31 October 2024:

  • The median value for Houses in Narrabri is $376,407 while the median value for Units is $249,723.
  • Houses have a median rent of $480 while Units have a median rent of $318.
There are currently 63 properties listed for sale, and 4 properties listed for rent in Narrabri on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Narrabri.

Suburb Insights for Narrabri 2390

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Contact agent
Stuart Southwell
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Southwell Property
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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.