SOLD
Sold on 04 Dec 2023 for $1,050,000

32 Beeton Parade
Taree NSW 2430

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3377m2
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Sold By
Rhys Parker
BURGESS RAWSON SYDNEY
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Property Details for 32 Beeton Pde, Taree

Building Type
Commercial
Land Size
3377m2
Local Government
Mid-Coast
Lot/Plan
2/DP883956

Last Listing description (November 2023)

First National Commercial Shultz/Taree & Burgess Rawson are pleased to offer to the market this high yielding retail complex at 32 Beeton Parade Taree NSW for sale via Burgess Rawson's Investment Portfolio Auction 165.

The property has the following investment highlights:

+ 100% leased to diverse mix of complementary commercial & retail tenants including bike retailer, whitegoods & Jaycar

+ Commanding 3,377sqm* corner freehold with combined 117sqm* frontage
+ Prized high profile main street position with valuable onsite parking
+ Gateway location to epicentre of Taree's main street - Victoria Street
+ Close to national brands including Supercheap Auto, Officeworks & KFC
+ Taree: Strong Mid North Coast location set to see population grow 21% by 2036^
+ Net Income: $94,646 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 5 December 2023
Yallamundi Rooms, Sydney Opera House

For full particulars, contact Dan Shultz, 0408 653 022 or Rhys Parker, 0451 101 042

*Approx.

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Property History for 32 Beeton Pde, Taree, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$1,050,000
04 Dec 2023
Listed for Rent
$230/w
18 Oct 2022
  • 04 Dec 2023
    Sold for $1,050,000
  • 28 Jul 2023
    Listed for Sale Auction
  • 07 Jun 2021
    Listed for Rent $12,000 / year
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About Taree 2430

The size of Taree is approximately 47.8 square kilometres. It has 44 parks covering nearly 5.7% of total area. The population of Taree in 2011 was 15,848 people. By 2016 the population was 16,214 showing a population growth of 2.3% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a professional occupation. In 2011, 59.7% of the homes in Taree were owner-occupied compared with 58.5% in 2016.

Taree has 9,537 properties. Over the last 5 years, Houses in Taree have seen a 60.22% increase in median value, while Units have seen a 41.87% increase. As at 31 August 2024:

  • The median value for Houses in Taree is $476,444 while the median value for Units is $346,653.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 93 properties listed for sale, and 29 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 392 properties were sold in the past 12 months in Taree.

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