OFF MARKET

124 Manning River Drive
Taree South NSW 2430

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4171m2
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Property Details for 124 Manning River Dr, Taree South

Building Type
Commercial
Year Built
1998
Land Size
4171m2
Local Government
Mid-Coast
Lot/Plan
45/DP860492

Last Listing description (April 2022)

With (3) tenants, who have all powered on and grown through the COVID era in a building with (55) on site car parks surrounding it, on a busy main road just off the M1 Motorway that happens to be part of a deceased estate sell off - this has to be an investment worth looking at!

Returning: $131,320pa the building comprises an air conditioned very busy IGym, a Blinds & Shutters showroom that has served the Region for many years and a large (3-bedroom) upstairs apartment.

Situated on the tightly held Manning River Drive (the main road into the bustling Mid North Coast town of Taree this property has a secure income stream and beneficiaries who are very keen!

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Property History for 124 Manning River Dr, Taree South, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$2,025,000
31 Mar 2022
Listed for Rent
$290/w
01 Apr 2019
  • 31 Mar 2022
    Sold for $2,025,000
  • 17 Feb 2022
    Listed for Sale Contact Agent
  • 08 Jan 2019
    Listed for Rent $290 / week
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About Taree South 2430

The size of Taree South is approximately 6.9 square kilometres. It has 1 park. The population of Taree South in 2011 was 294 people. By 2016 the population was 304 showing a population growth of 3.4% in the area during that time. The predominant age group in Taree South is 60-69 years. Households in Taree South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Taree South work in a managers occupation. In 2011, 74.8% of the homes in Taree South were owner-occupied compared with 77.6% in 2016.

Taree South has 169 properties. Over the last 5 years, Houses in Taree South have seen a 50.57% increase in median value, while Units have seen a -11.76% decrease. As at 30 November 2024:

  • The median value for Houses in Taree South is $790,166 while the median value for Units is $248,478.
There are currently 2 properties listed for sale, and 1 property listed for rent in Taree south on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Taree south.

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