37 Dowe StreetTamworth NSW 2340
Property Details for 37 Dowe St, Tamworth
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
- 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
Property History for 37 Dowe St, Tamworth, NSW 2340
- 17 Jul 2024Sold for $1,070,000
- 13 Jun 2024Listed for Sale Not Disclosed
- 06 May 2020Sold 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 1,625 properties. Over the last 5 years, Houses in Tamworth have seen a 69.80% increase in median value, while Units have seen a 79.37% increase. As at 31 July 2024:
- The median value for Houses in Tamworth is $449,050 while the median value for Units is $338,079.
- Houses have a median rent of $415 while Units have a median rent of $420.
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