SOLD
Sold on 17 Jan 2024 for $620,000

47-51 Nunn Street
Benalla VIC 3672

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 965m2
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Property Details for 47-51 Nunn St, Benalla

Building Type
Commercial
Floor Size
120m2
Land Size
965m2
Local Government
Benalla
Lot/Plan
2/TP950827

Last Listing description (November 2023)

* Located centrally in Benalla amongst well known businesses
* Current five year term expires 30 June 2026 with an Option to 2031
* Annual rent of $37,485 per annum plus GST and outgoings

* Building substantially renovated in 2016 for original lease commencement
* Secure, front courtyard with an additional, separate building
* Large car park at rear adds potential for future building expansion
* 50% regional stamp duty concession available

Property History for 47-51 Nunn St, Benalla, VIC 3672

A timeline of how this property has performed in the market
Last Sold
$620,000
17 Jan 2024
  • 17 Jan 2024
    Sold for $620,000
  • 01 Nov 2023
    Listed for Sale $640,000 No GST Going Concern

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About Benalla 3672

The size of Benalla is approximately 315.3 square kilometres. It has 32 parks covering nearly 7.6% of total area. The population of Benalla in 2011 was 10,333 people. By 2016 the population was 10,355 showing a population growth of 0.2% in the area during that time. The predominant age group in Benalla is 60-69 years. Households in Benalla are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Benalla work in a trades occupation. In 2011, 67.7% of the homes in Benalla were owner-occupied compared with 67.2% in 2016.

Benalla has 7,137 properties. Over the last 5 years, Houses in Benalla have seen a 57.23% increase in median value, while Units have seen a 49.78% increase. As at 31 October 2024:

  • The median value for Houses in Benalla is $428,618 while the median value for Units is $321,076.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 47 properties listed for sale, and 21 properties listed for rent in Benalla on OnTheHouse. According to CoreLogic's data, 269 properties were sold in the past 12 months in Benalla.

Suburb Insights for Benalla 3672

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Disclaimer
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.