115 Market StreetBalranald NSW 2715
Property Details for 115 Market St, Balranald
Last Listing description (July 2023)
Investors looking for an impressive return for their outlay should definitely consider this Freehold. Prime central location is always an added bonus when discussing Commercial Investment Freeholds and this property sits very close if not on top of the tree so far as that is concerned. The property is currently under lease and is part way into the initial term and there is also a further option available to the current long-term tenants. As in nearly all Commercial leases the tenant is responsible for outgoings and such is the case here. The current rental of $39000pa is extremely inviting given the current miniscule rates of return available through term deposits etc. The asking price of just $380,000 generates a more than healthy return on investment. Please contact Noel on 0408 272741 to book an inspection.
Property History for 115 Market St, Balranald, NSW 2715
- 07 Jun 2023Sold for $300,000
- 24 Mar 2023Listed for Sale $380,000
- 13 Sep 2022Listed for Sale $380,000
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0About Balranald 2715
The size of Balranald is approximately 5203.7 square kilometres. There are 12 parks, covering nearly 2.9% of the total area. The population of Balranald in 2016 was 1343 people. By 2021 the population was 1240 showing a population decline of 7.7% in the area during that time. The predominant age group in Balranald is 60-69 years. Households in Balranald are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Balranald work in a labourer occupation.In 2021, 65.60% of the homes in Balranald were owner-occupied compared with 62.80% in 2016.
Balranald has 1,090 properties. Over the last 5 years, Houses in Balranald have seen a 76.41% increase in median value, while Units have seen a 272.26% increase. As at 31 July 2026:
- The median value for Houses in Balranald is $319,617 while the median value for Units is $342,832.
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