Auction Location: Lennox Head Cultural Centre
First time to market.
Positioned adjoining Ballina Shire Council's Wigmore Car Park, this prominent freehold property occupies a prime location in the heart of Ballina's CBD. An outstanding investment, it is ideally suited to self-managed superannuation funds, private investors, institutional investment funds, or developers seeking a high-profile holding with an 18m height limit.
This is a rare and unprecedented opportunity to acquire one of the most significant single tenant, stand alone assets within Ballina's commercial precinct, offered to the market for the very first time.
- Building area: 876m2 approx.
- Land Area: 935.5m2 approx.
- Construction: Brick with trim deck colourbond roofing
- Current Net Income: $156,880 + GST approx.
Supplementary information in the form of a Contract of Sale and detailed Information Memorandum are available to qualified parties upon request.
The size of Ballina is approximately 21.5 square kilometres. There are 21 parks, covering nearly 29.4% of the total area. The population of Ballina in 2016 was 8655 people. By 2021 the population was 9735 showing a population growth of 12.5% in the area during that time. The predominant age group in Ballina is 70-79 years. Households in Ballina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballina work in a professional occupation.In 2021, 53.20% of the homes in Ballina were owner-occupied compared with 51.30% in 2016.
Ballina has 6,960 properties. Over the last 5 years, Houses in Ballina have seen a 13.06% increase in median value, while Units have seen a 14.35% increase. As at 31 August 2026:
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