3/148-150 Lakedge AvenueBerkeley Vale NSW 2261
Property Details for 3/148-150 Lakedge Ave, Berkeley Vale
Last Listing description (January 2025)
Excellent investment opportunity, ideal for entry level and SMSF investors. This property has been operating as a launderette for in excess of 30 years so it has continued to trade through all market cycles.
Stable investment opportunity with an income from Day 1. Part of a local commercial shopping strip, the property is surrounded by local businesses including dentist, cafe, accountant, mortgage broker, real estate.
New 3 year x 3 year lease to the existing occupant who has operated the business for just on 13 years.
Address Lot 3/148 Lakedge Avenue, Berkeley Vale
Lease Term 3 Year lease + 3 Year Option
Commencing Rent $30,000 + outgoings + GST
Outgoings Council Rates & Charges, Water Rates (Account), Land Tax (On a single holding basis), Strata, Property Management (Limited to 5.5%), Fire Safety if not covered by Strata
Lease Commence 1st August 2024
Annual Increases CPI on the anniversary of the lease commencement
Market Review At the commencement of the Option Period
Bond/Bank Guarantee $7,500
Personal Guarantee Required for the term of the lease
Size Of Property Building Area 66m2
Rear Parking 13m2
Zoning E1 Local Centre
FOR SALE - $520,000 No GST Applicable
Inspections By Appointment:
Brad Rogers
RWC Central Coast
0459 921 122
Property History for 3/148-150 Lakedge Ave, Berkeley Vale, NSW 2261
- 31 Jul 2024Listed for Sale INVESTMENT SALE - $520,000 No GST Applicable
- 15 May 2015Sold for $200,000
- 30 Nov 2004Sold for $13,000
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About Berkeley Vale 2261
The size of Berkeley Vale is approximately 6.1 square kilometres. It has 20 parks covering nearly 12.1% of total area. The population of Berkeley Vale in 2016 was 8355 people. By 2021 the population was 8951 showing a population growth of 7.1% in the area during that time. The predominant age group in Berkeley Vale is 30-39 years. Households in Berkeley Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berkeley Vale work in a trades occupation.In 2021, 77.10% of the homes in Berkeley Vale were owner-occupied compared with 75.60% in 2016.
Berkeley Vale has 4,016 properties. Over the last 5 years, Houses in Berkeley Vale have seen a 55.11% increase in median value, while Units have seen a 65.79% increase. As at 30 November 2025:
- The median value for Houses in Berkeley Vale is $992,200 while the median value for Units is $511,473.
- Houses have a median rent of $650 while Units have a median rent of $490.
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