SOLD
Sold on 27 Aug 2024 for $3,750,000

62-78 Bridge Street
West Tamworth NSW 2340

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 615m2
Land area: 2046m2
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Property Details for 62-78 Bridge St, West Tamworth

Building Type
Commercial
Floor Size
615m2
Land Size
2046m2
Local Government
Tamworth Regional
Lot/Plan
1/DP1090006

Last Listing description (July 2024)

Ray White Tamworth is pleased to offer 62 - 78 Bridge Street, Tamworth to market for sale by way of Auction on the 18th of July. An investment opportunity anchored by The Salvation Army

Notable features of the property include:
High exposure site

2,046 sqm (approx.) block on the corner of Bridge street & Church street
Two separate buildings on site (lettable area 950sqm*)
4 long term secure leases
Strong tenants
Attractive rent reviews in all leases
Information memorandum available on request

*(approx.)

Click here to register for auction: https://buy.realtair.com/properties/133356

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Property History for 62-78 Bridge St, West Tamworth, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$3,750,000
27 Aug 2024
Listed for Rent
$130k/w
18 Jul 2023
  • 27 Aug 2024
    Sold for $3,750,000
  • 07 Jun 2024
    Listed for Sale Auction
  • 20 Sep 2022
    Listed for Rent - Price not available
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About West Tamworth 2340

The size of West Tamworth is approximately 6 square kilometres. It has 17 parks covering nearly 28% of total area. The population of West Tamworth in 2011 was 5,347 people. By 2016 the population was 5,206 showing a population decline of 2.6% in the area during that time. The predominant age group in West Tamworth is 20-29 years. Households in West Tamworth are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Tamworth work in a labourer occupation. In 2011, 46.1% of the homes in West Tamworth were owner-occupied compared with 45.6% in 2016.

West Tamworth has 3,058 properties. Over the last 5 years, Houses in West Tamworth have seen a 67.55% increase in median value, while Units have seen a 60.21% increase. As at 31 October 2024:

  • The median value for Houses in West Tamworth is $367,706 while the median value for Units is $342,948.
  • Houses have a median rent of $365 while Units have a median rent of $338.
There are currently 9 properties listed for sale, and 23 properties listed for rent in West tamworth on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in West tamworth.

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