SOLD
Sold on 11 Oct 2024 for $34,850,000

81 Manning Street
Taree NSW 2430

Bedrooms: -
Bathrooms: -
Car spaces: 330
Land area: 29740m2
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Property Details for 81 Manning St, Taree

Building Type
Commercial
Land Size
29740m2
Local Government
Mid-Coast
Lot/Plan
3/B/DP5971

Last Listing description (February 2022)

Manning Mall is a single level enclosed shopping centre anchored by a strongly performing Coles supermarket, as well as a smaller format Target discount department store, with 26 specialty tenancies, 4 kiosks and 3 ATMs, predominately focused on non-discretionary food and service.

In addition, a separate freestanding retail and commercial building of 410sqm* building fronts Manning Street featuring 3* tenancies.


Taree is located on the Mid-North Coast of NSW, circa 313km* north of the Sydney CBD and 81km* south of Port Macquarie. Manning Mall Shopping Centre is located in the central business precinct with frontage to Manning Street.

Key highlights include:

Enclosed centre anchored by a strongly performing Coles supermarket

Coles & Target occupy 66%* of leased GLA with over 88%* secured by national tenants

Strong fundamentals with solid embedded real estate value. Compact and convenient shopping centre with significant upside opportunity

Expansive trade area featuring retail spending of$732.2M* (2019) growing to $1.37B* by 2036#

GLAR: 10,746sq m* Site Area: 27,270sq m*

Net income $2,936,122pa* (fully leased)

*Approximate #Location IQ


For Sale by Private Negotiation.

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Property History for 81 Manning St, Taree, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$34,850,000
11 Oct 2024
Listed for Rent
$345/w
09 Aug 2015
  • 11 Oct 2024
    Sold for $34,850,000
  • 28 Jan 2020
    Listed for Sale For Sale by Private Negotiation
  • 13 Oct 2016
    Sold
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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 9,600 properties. Over the last 5 years, Houses in Taree have seen a 64.13% increase in median value, while Units have seen a 46.92% increase. As at 30 November 2024:

  • The median value for Houses in Taree is $467,513 while the median value for Units is $356,355.
  • Houses have a median rent of $460 while Units have a median rent of $360.
There are currently 100 properties listed for sale, and 28 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 361 properties were sold in the past 12 months in Taree.

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