SOLD
RECENT ADVICE
Sold on 21 Aug 2024 for $2,030,000

9 Redbank Place
Picton NSW 2571

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1898m2
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Property Details for 9 Redbank Pl, Picton

Building Type
Land
Land Size
1898m2
Local Government
Wollondilly
Lot/Plan
9/DP801886

Last Listing description (August 2024)

Sale by Expression of Interest (unless sold prior), closing Thursday 27th June 2024 at 4:00pm.

E4-General Industrial Zoning
Land Area 1898m2 Floor Area - 250sqm

A rare opportunity to invest wisely in the ever growing Picton area. This property will create a lot of attention in the sought after Picton Industrial precinct.

The property has 60m road frontage. Boundaries are enclosed by metal picket and cyclone mesh fencing. Land falls gently from the rear to street frontage. Exposure from nearby bridge street which carries volumes of passing traffic.

Improvements on site include a 30-year-old low clearance metal clad building with ground floor area 250 square metres.

External features
- Walls - metal cladding, aluminium frame, windows and doors
- Roof Metal decking with polycarbonate infills
- 2 high clearance sliding doors and 3 pedestrian entrance doors
- Bitumen sealed and concrete car parking area 1400sqm
- Open wash bay area

Internal features
- Frame steel frame with steel purlins
- Roof- Safety mesh insulation sheeting
- Concrete slab flooring
- Walls- Metal cladding with internal plasterboard to provide for office, reception, lunchroom facilities

The property is located on the southern side of Redbank place 70 metres west of the intersection with Bridge Street in the Picton industrial area which is only 2 km south of Picton town centre.

This industrial premises held within a rare cul-de-sac location has plenty of client parking and room to move in comparison to many commercial properties.

Tenancy
- 3 year lease expiry February 2026
- $76309 plus GST per annum plus all outgoing
- Currently known as Picton Hire

The purchase of this property stands out as an ideal set and forget investment or alternately provide a great location to run your own business venture.

The historic township of Picton is on the fringe of the Southern Highlands, situated just an hour's drive from Sydney and 40 minutes from Wollongong's beautiful beaches It is renowned for its semi-rural lifestyle, historic buildings, and family-friendly atmosphere. With major cities now so accessible, Pictons popularity is exploding with smart buyers looking for a lifestyle change.

Disclaimer: Whilst every effort is taken to ensure the accuracy of this listing, we accept no responsibility for errors or omissions. We encourage you to seek your own independent legal and / or financial advice prior to making any commitment or decision.

Property History for 9 Redbank Pl, Picton, NSW 2571

A timeline of how this property has performed in the market
Last Sold
$2,030,000
21 Aug 2024
  • 21 Aug 2024
    Sold for $2,030,000
  • 17 May 2024
    Listed for Sale Expressions of Interest
  • 07 Nov 2000
    Sold for $155,000
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About Picton 2571

The size of Picton is approximately 42.6 square kilometres. It has 18 parks covering nearly 2.5% of total area. The population of Picton in 2011 was 4,594 people. By 2016 the population was 4,804 showing a population growth of 4.6% in the area during that time. The predominant age group in Picton is 40-49 years. Households in Picton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Picton work in a professional occupation. In 2011, 76.7% of the homes in Picton were owner-occupied compared with 77.9% in 2016.

Picton has 2,647 properties. Over the last 5 years, Houses in Picton have seen a 77.01% increase in median value, while Units have seen a 19.51% increase. As at 31 October 2024:

  • The median value for Houses in Picton is $1,164,589 while the median value for Units is $550,670.
  • Houses have a median rent of $550 while Units have a median rent of $390.
There are currently 34 properties listed for sale, and 2 properties listed for rent in Picton on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Picton.

Suburb Insights for Picton 2571

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Gerard Smith
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Gerard Smith First National Real Estate
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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.