SOLD
RECENT ADVICE
Sold on 17 Jul 2024 for $1,070,000

37 Dowe Street
Tamworth NSW 2340

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 300m2
Land area: 540m2
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Property Details for 37 Dowe St, Tamworth

Building Type
Commercial
Floor Size
300m2
Land Size
540m2

Last Listing description (July 2024)

LAWD is pleased to present 37 Dowe Street, a rare opportunity to acquire an Industrial-style freehold site in a CBD location.

Offered for the second time in 34* years, this site is currently home to The Welders Dog Brewery and The Pie Mechanic both with long-term tenancies in place.

- 540* square metre block with rear lane access from Brisbane Street

- 300* square metre iconic building originally the Tamworth Co-op building
- Two existing tenancies in place with scope for further expansion and tenancy
- Combined current total income of $104,000* per annum
- One, five x five x five year lease & one, x three x three lease both of which are currently in their first year
- Potential to further develop the existing carpark

With strong future growth in the pipeline for Tamworth CBD, a full hotel licence currently in place and the potential to further develop the already strong hospitality footprint there is big future ahead for this locality.

We encourage all interest early for this site due to its rarity and long-term income potential.

37 Dowe Street will be offered for Public auction 12pm (AEST) Tuesday 16 July 2024
Link to pre register below
https://auctionslive.com/app/bidder-registration/2l7Vk
For further information please contact exclusive selling agent Oliver Smith on 0473 835 000

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Property History for 37 Dowe St, Tamworth, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$1,070,000
17 Jul 2024
Listed for Rent
26 Oct 2016
  • 02 Aug 2024
    Sold for $1,070,000
  • 13 Jun 2024
    Listed for Sale Not Disclosed
  • 06 May 2020
    Sold for $810,274
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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 1,631 properties. Over the last 5 years, Houses in Tamworth have seen a 82.95% increase in median value, while Units have seen a 66.63% increase. As at 30 November 2024:

  • The median value for Houses in Tamworth is $450,152 while the median value for Units is $333,517.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 81 properties listed for sale, and 17 properties listed for rent in Tamworth on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Tamworth.

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Oliver Smith
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