OFF MARKET

1/459 Peel Street
Tamworth NSW 2340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 226m2
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Property Details for 1/459 Peel St, Tamworth

Building Type
Commercial
Land Size
226m2
Local Government
Tamworth Regional
Lot/Plan
1/SP20243

Last Listing description (February 2023)

Spilt Milk Bar Tamworth presents a rare opportunity to secure an outstanding retail investment in one of Australia's strongest regional towns. A brand-new fit-out with 9 additional car spaces provides income security from a trendy hospitality retailer that has now expended across 3 successful regional hospitality locations.

The original Spilt Milk Bar opened in Orange back in 2018, followed by Canberra in 2020, and venue number 3 officially opening in Peel Street, Tamworth in late 2021.

Spilt Milk Bar is a retro inspired old school milk bar very popular amongst our young right through to any age where you are never too old to enjoy delicious ice-cream and gelato. With an eye-catching brand identity, this sweet treat hotspot was designed to balance the nostalgia of classic milk bar vibes with a free-wheeling Australian attitude to create a modern, playful brand - a welcome and refreshing change from an Italo-centric marketplace.

Investment Highlights Include:
- Brand-new 118sqm retail fit-out + 9 car spaces
- New 3 year lease + 3 x 3 year options to 2034
- Significant annual rental increase fixed at 4%
- Annual net income $62,673.58* (+GST)

For more information please contact the exclusive agents below.

For Sale by Public Auction at auctionWorks - Mezz Level, 50 Margaret St, Sydney 27th September 2022

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Property History for 1/459 Peel St, Tamworth, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$940,000
14 Dec 2022
Listed for Rent
$7.67k/w
07 Jul 2022
  • 14 Dec 2022
    Sold for $940,000
  • 26 Jun 2020
    Sold for $425,000
  • 03 Aug 2019
    Listed for Rent - Price not available
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About Tamworth 2340

The size of Tamworth is approximately 1.2 square kilometres. It has 5 parks covering nearly 21.6% of total area. The population of Tamworth in 2011 was 239 people. By 2016 the population was 178 showing a population decline of 25.5% in the area during that time. The predominant age group in Tamworth is 20-29 years. Households in Tamworth are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Tamworth work in a labourer occupation. In 2011, 30% of the homes in Tamworth were owner-occupied compared with 27.4% in 2016.

Tamworth has 1,616 properties. Over the last 5 years, Houses in Tamworth have seen a 76.13% increase in median value, while Units have seen a 72.31% increase. As at 31 October 2024:

  • The median value for Houses in Tamworth is $436,290 while the median value for Units is $331,519.
  • Houses have a median rent of $435 while Units have a median rent of $420.
There are currently 84 properties listed for sale, and 17 properties listed for rent in Tamworth on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Tamworth.

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