7/125 Maitland StreetNarrabri NSW 2390
Property Details for 7/125 Maitland St, Narrabri
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
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
- 31 May 2024Sold for $420,000
- 08 May 2024Listed for Sale $425,000
- 01 Mar 2019Sold for $335,500
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0About 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 4,470 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.
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