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Sold on 25 Nov 2024 for $2,000,000

12 Thomas Street
Wagga Wagga NSW 2650

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 82m2
Land area: 11114m2
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Property Details for 12 Thomas St, Wagga Wagga

Building Type
Commercial
Year Built
1983
Floor Size
82m2
Land Size
11114m2
Local Government
Wagga Wagga
Lot/Plan
31/DP1027765

Last Listing description (December 2024)

Rosebank Retirement Village is situated within the Central residential district of Wagga Wagga and is approximately 1.5 km from the CBD, hospitals/ medical precinct, supermarkets and the usual amenities provided by a bustling, regional city. Rosebank is comprised of 30 independent living (self-care) villas and is to be sold as a 'Going Concern'.

Area: Units range in size from 101 117m2

Zoning: R1 - General Residential

Improvements:
- Large on-site community facility for the Residents which includes a large open-plan room, library, kitchen, toilet facilities, manager's office and storage area.
- All units feature internal access from the lock up garage
- Twenty-six (26) x two (2) bedroom units with three (3) different floor plans
- Four (4) x one (1) bedroom units
- Brick veneer and tile roof construction
- Combination of duplex or freestanding units

Built in 1998, the complex is in good condition and has been well maintained. All rooves were re-pointed in 2022. A refurbishment program has been undertaken in the past 10 years, with more than 50% of units being repainted and re-carpeted. 10 units were refurbished from 2022 onwards with new bathrooms, internal paint, internal flooring and 9 with brand new kitchens.

For a copy of the Information Memorandum, please contact Geoff Seymour on 0417 698 238. Tenders Closing Monday 30th September 2024.

All areas and figures approximate only. All precautions have been taken to establish the accuracy of the above information, but does not constitute any representation by the Agent of Vendor. All of the information contained in this document is from sources the Agent and Vendor believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations

Property History for 12 Thomas St, Wagga Wagga, NSW 2650

A timeline of how this property has performed in the market
Last Sold
$2,000,000
25 Nov 2024
  • 25 Nov 2024
    Sold for $2,000,000
  • 02 Aug 2024
    Listed for Sale $2,800,000

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About Wagga Wagga 2650

The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.

Wagga Wagga has 6,079 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 64.76% increase in median value, while Units have seen a 60.89% increase. As at 30 November 2024:

  • The median value for Houses in Wagga Wagga is $563,919 while the median value for Units is $369,665.
  • Houses have a median rent of $490 while Units have a median rent of $390.
There are currently 66 properties listed for sale, and 72 properties listed for rent in Wagga wagga on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Wagga wagga.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.