OFF MARKET

4760 Olympic Highway
The Rock NSW 2655

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 29250m2
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Property Details for 4760 Olympic Hwy, The Rock

Building Type
Commercial
Land Size
29250m2
Local Government
Lockhart
Lot/Plan
1/DP1250282

Last Listing description (August 2024)

Fitzpatricks Commercial and Terra Ferma are inviting expressions of interest from potential operators for the new highway Business Centre located in The Rock, Lockhart Shire, New South Wales. This area is strategically positioned within the Riverina region, serving as a pivotal gateway linking various towns and cities, notably between Wagga Wagga and Albury Wodonga/Victoria. The site is situated 30km south of Wagga Wagga and 97km north of Albury, prominently positioned along the Olympic Highway. The area sees significant traffic, with over 24,000 annual visitors and 5175 traffic movements, bolstered by its proximity to The Rock Nature Reserve - Kengal Aboriginal Place. Agriculture is central to The Rock's economy, underscoring the service station's vital role for local farmers, residents, and transport companies.

Area: Approx. land 29,250m2
[ Fuel and Supermarket: 444m2 (area variable) ] [ Hotel License with Restaurant: 574m2 ]

[ Motel: 403m2 ] [ Retail/Office Outlets: 51m2 (option to consolidate areas) ]

Zoning: RU5 Village

DA approved construction for the following development:
- Petrol Station with four (4) double sided island pumps and convenience supermarket
- Eight (8) retail and food store outlets
- Twelve (12) motel style accommodation rooms with ensuites
- Child friendly playground, animal farm and duck pond with outdoor seating
- Ample parking area for up to forty-five (45) cars

Lease Terms and Rent Review: Annual term and method by negotiation

The agent does not have authority to enter into a lease or bind the lessor without specific authority in the form of formal lease documentation. Oral lease agreements are expressly denied. All of the information contained in this document is from sources the Agent and Lessor believe to be reliable; however, we cannot guarantee its accuracy. Prospective Lessee's are advised to carry out their own investigations.

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Property History for 4760 Olympic Hwy, The Rock, NSW 2655

A timeline of how this property has performed in the market
Last Sold
$840,000
02 Dec 2019
  • 19 Jun 2024
    Listed for Rent - Price not available
  • 02 Dec 2019
    Sold for $840,000

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About The Rock 2655

The size of The Rock is approximately 286.5 square kilometres. It has 2 parks covering nearly 1.3% of total area. The population of The Rock in 2011 was 1,053 people. By 2016 the population was 1,237 showing a population growth of 17.5% in the area during that time. The predominant age group in The Rock is 50-59 years. Households in The Rock are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in The Rock work in a managers occupation. In 2011, 81.9% of the homes in The Rock were owner-occupied compared with 82.1% in 2016.

The Rock has 740 properties. Over the last 5 years, Houses in The Rock have seen a 99.20% increase in median value. As at 31 October 2024:

  • The median value for Houses in The Rock is $442,739 while the median value for Units is $654,310.
  • Houses have a median rent of $390.
There are currently 12 properties listed for sale, and 1 property listed for rent in The rock on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in The rock.

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